Post #3329721
2026-06-07 22:28 UTC
Starlink is the only part of SpaceX operations that turns a profit.
Rocket launches do not, and xAi is a bottomless money pit just like every other AI venture.
Replies (1)
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@pennomi@lemmy.world 2026-06-07 22:43
I don’t think that’s quite true. (Happy to be proven wrong if somebody has better numbers than me.) From what I can see the launch business generated $4.1 billion, but profits in that segment are negative because the $3 billion in Starship development costs are lumped in to that. The overall loss (-$600 million) would instantly turn into great profit if they decided to give up on Starship. But for sure, xAi is a nightmare. Absolutely Elon trying to bail himself out again.