SpaceX posts $8B profit on $15-16B revenue in 2025 with Starlink driving 50-80% of total

Source: [https://ca.finance.yahoo.com/news/exclusive-spacex-generated-8-billion-213458153.html](https://ca.finance.yahoo.com/news/exclusive-spacex-generated-8-billion-213458153.html)

>SpaceX (SPAX.PVT) generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, ​two people familiar with the company's results said, providing fresh insight into the ‌financial health of Elon Musk’s space company that is expected to go public later this year.

>SpaceX's most recent ‌financials, which have not been previously reported, led some banks to estimate that the company could raise more than $50 billion at a valuation exceeding $1.5 trillion, said the people, who asked not to be named to discuss private conversations.

>Reuters reported on Thursday that SpaceX is also in talks with ⁠Musk’s artificial intelligence company, xAI (XAAI.PVT), ‌about a merger ahead of the IPO.

>SpaceX did not immediately return a request for comment.

>The profit figure was earnings before interest, taxes, depreciation and ‍amortization, a key measure of operating performance. Musk's satellite-based internet system Starlink is the main revenue driver, accounting for about 50% to 80% of the total, the people said.

>The rapid launch of 9,500 Starlink ​satellites since 2019 has made SpaceX the world's largest satellite operator with over 9 ‌million users of the broadband internet service. The internet service, along with government contracts associated with Starlink and military-grade satellite network Starshield, has generated key revenue to help fund development of the company's next-generation Starship rocket that Musk wants to use to loft more powerful Starlinks into orbit.

>The company bought $19 billion worth of wireless spectrum rights from EchoStar last year ⁠as it expands Starlink into the direct-to-device market, in ​which mobile phones can connect directly with Starlink satellites ​without the need for a Starlink user terminal.

>The satellite and rocket company is planning the biggest IPO in the world, close to Musk's 55th birthday ‍on June 28, the ⁠people said.

>Musk expects Starship, which has test-launched 11 times since 2023, to start launching payloads into space this year. The billionaire expects to use Starship to eventually launch ⁠space-based AI data centers, a risky and nascent pursuit tied to the company's proposed merger with xAI.