SpaceX has filed its S-1 form for an initial public offering aiming to raise $75 billion, with a target valuation of $1.75 trillion. The company, founded 24 years ago, seeks funding for its Mars colonization programs and the expansion of its Starlink network, although its accounts remain in the red with losses of $4.9 billion in the last fiscal year.
Starlink generates $11 billion but the global balance remains negative 🛰️
The satellite internet division Starlink contributed $11 billion in revenue, establishing itself as the company's main financial driver. However, the operational costs of Starship development and reusable launch programs have kept the company in deficit territory since its founding, with accumulated losses exceeding $37 billion. Analysts point out that the viability of the business model depends on Starlink achieving sustained profitability before the end of the decade.
Losing $4.9 billion a year: the sweet business of going to Mars 🚀
The company founded by Elon Musk has perfected the art of losing money as if it were a family tradition: $37 billion in 24 years. But hey, Starlink bills $11 billion, so at least they know how to sell internet in exchange for continuing to burn cash on rockets that explode. If this is a failure, then God help us. Or better yet, let Him send a rocket.