[Watcher Guru] JUST IN: Elon Musk says SpaceX $SPCX revenue this quarter will be substantially higher than NASA's entire annual budget.
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Elon Musk said SpaceX’s revenue for the current quarter will be substantially higher than NASA’s entire annual budget, a claim that, if accurate, would mark a striking shift in the scale of private spaceflight relative to government spending. NASA’s budget has hovered around $25 billion in recent years, suggesting SpaceX could be on pace for quarterly revenue above that level. The remark, posted via Watcher Guru, offers a rare public signal on the financials of SpaceX, which remains privately held and does not report earnings publicly. Investors will watch for further disclosures or estimates that clarify whether the comparison reflects a one-off surge in launch and Starlink activity or a durable new revenue baseline.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
SpaceX (SPCX), NASA, Elon Musk
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