Following back-to-back annual losses, SpaceX has reportedly turned a profit during the first quarter of the year despite an increase in costs as the company continues to spend on its unproven Starship rocket, which has not flown.
Update: July 31, 8:57 a.m. ET: SpaceX successfully launched EchoStar 24 (Jupiter 3), with Falcon Heavy blasting off on Saturday July 28 at 11:04 p.m. ET. The rocket successfully deployed the 9.2-metric-ton communications satellite to geostationary transfer orbit, and both side boosters performed successful landings.…
SpaceX’s worth is nearing $150 billion after signing a share sale agreement with new and existing investors this week.