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Source: MarketWatch Top Stories

SpaceX Prepares for IPO Amid Starlink Revenue Milestone and Profitability Outlook

SpaceX is reportedly proceeding with plans for an initial public offering (IPO). The company's Starlink satellite internet service has achieved a significant financial milestone, with its revenue now exceeding $11 billion. Despite this, CEO Elon Musk has indicated uncertainty regarding the overall venture's financial future, stating he "cannot predict" when SpaceX will ultimately become profitable.

By Fainaron·Jun 11, 2026 (2 days ago)·1 views
SpaceX Prepares for IPO Amid Starlink Revenue Milestone and Profitability Outlook

SpaceX is reportedly preparing to launch an initial public offering (IPO), marking a significant step for the aerospace manufacturer and space transportation services company.

The company's satellite internet division, Starlink, has demonstrated substantial financial growth. Starlink's revenue has now surpassed $11 billion, indicating a strong performance for the broadband constellation.

Despite the considerable revenue generated by Starlink, SpaceX CEO Elon Musk has acknowledged challenges in forecasting the company's overall financial trajectory. Musk stated that he "cannot predict" when his massive venture will achieve profitability.

(Source: MarketWatch Top Stories)

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#spacex#ipo#starlink#elon musk#revenue#profitability#finance
Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by MarketWatch Top Stories. Read the original at MarketWatch Top Stories →

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