CHANGE:
Perhaps an interesting milestone: @SpaceX commercial revenue from space will exceed the entire budget of @NASA next year.
SpaceX revenue this year will be ~$15.5B, of which NASA is ~$1.1B.
— Elon Musk (@elonmusk) June 3, 2025
Most of SpaceX’s revenue comes from Starlink, a SpaceX subsidiary. Starlink subscriptions provide the cash flow that keep SpaceX growing, and the launch cadence needed to keep their costs down and their rocket technology at least one step ahead of the competition.
It’s maybe the cleverest business model you’ll ever see.