Exclusive Peek at SpaceX Data Shows Loss in 2015, Heavy Expectations for Nascent Internet Service

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Financial reports and interviews with former SpaceX employees depict robust growth in new rocket-launch contracts and a thin bottom line that is vulnerable when things go awry. They also show the company putting steep revenue expectations on a nascent satellite-internet business it hopes will eventually dwarf the rocket division and help finance its goal of manned missions to Mars. SpaceX projected the satellite-internet business would have over 40 million subscribers and bring in more than $30 billion in revenue by 2025, according to the documents. The internet service is currently in planning stages without a factory or a full-fledged team of engineers.


Exclusive Peek at SpaceX Data Shows Loss in 2015, Heavy Expectations for Nascent Internet Service