SpaceX aims at $15 billion in sales revenue from Space and Starlink in 2024

Next year could be a big boom for SpaceX as it could earn over $15 billion in business revenue from the overall sales in space and Starlink internet services.

Bloomberg reported that SpaceX is planning to ramp up its revenue from core business including rocket launches and Startlink services as it continues to grow operations around the globe. To fetch the current progress, the report reveals that SpaceX could reach up to $9 billion by the end of this year from these segments.

The Internet services will exceed the rocket launch business and generate more money for the company. Therefore, it will become the most valuable business for SpaceX in 2024. On the other hand, SpaceX is on track to register earnings of more than $3 billion, according to people related to this matter.

SpaceX CEO, Elon Musk revealed last week that the company has achieved cash flow breakeven. Last year, SpaceX reported $1.4 billion in revenue but fell short of Musk’s target.

However, next year, it would account for about $10 billion of total sales. Meanwhile, there are no estimates on how much the rocket launch business would make. There’s even a possibility that SpaceX could exceed this revenue expectation in the coming year. Still, there’s an entire year of action ahead of us.

(source)