A post by @WatcherGuru on X.
JUST IN: Elon Musk says SpaceX $SPCX revenue this quarter will be substantially higher than NASA's entire annual budget.
@WatcherGuru on X
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Elon Musk said SpaceX’s revenue for the current quarter will be substantially higher than NASA’s entire annual budget, according to a statement circulated by Watcher.Guru. The claim, tied to the $SPCX ticker, frames the private launch company’s quarterly sales as exceeding the roughly $25 billion annual budget of the U.S. space agency. The comparison matters because it signals how far SpaceX’s commercial launch, satellite and Starlink businesses have scaled beyond government contracting, which was once the core of its revenue base. Investors will watch for formal quarterly figures and any detail on the mix between Starlink and launch services, since Musk’s comment was not accompanied by a specific revenue number.
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Named in this story
SpaceX (SPCX), Elon Musk, NASA, SPCX
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