In 2024 Gwynne Shotwell said Starlink had a $600 million positive free cash flow based on $8.2 billion in revenue. Last year revenue estimates from both SpaceX and from outside people adding up new military contracts came out to about $11.8 billion. Their fixed costs haven't gone up much, so the big unknown is development costs for military contracts. I think $2 billion is a reasonable, conservative estimate.
replyHow much of that are they sinking into Starship?
replyProbably some, but $2 billion a year? That seems like too much.
replyHopefully all of it. If Starship succeeds, and that seems incredibly likely given the tests thus far, it will create an entire industry.
replyPeople underestimate how much ships changed the world. It will happen again, the only question is when.
There's a few ways
replyThey're prepping for an IPO and there have been some anonymous insider reports of the figures in the press
There are industry estimates
Much of their income comes from public contracts
pointers?
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