SpaceX launches Starlink satellites to low-Earth orbit
SpaceX said a Falcon 9 rocket launched 23 Starlink satellites to low-Earth orbit from Cape Canaveral. (March 31)
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Confidential financial statements from SpaceX for 2018 and 2019 capture an early glimpse at the degree to which the company is likely dependent on its Starlink business unit, and bringing the Starship rocket online, to become cash flow positive. While the comprehensive balance sheets are five years old, they provide an intimate look inside the operations of arguably one of the most important, and secretive, private companies in the U.S. And they help shed light on what the company spent money on, and how much, as SpaceX grew itself from an unprofitable $2 billion in revenue to, reportedly, $9 billion for 2023 with a projected $15 billion in 2024 and $3 billion in earnings, sources familiar told Bloomberg in November. 2018 and 2019 were pivotal years for the company: In February 2018, SpaceX launched its Falcon Heavy rocket for the first time; the following March, the company nailed a pivotal flight test of its crew Dragon capsule, but exploded that same capsule a month later during ground testing.
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On March 8, a piece of space debris plunged through a roof in Naples, FL, ripped through two floors and (fortunately) barely missed the son of homeowner Alejandro Otero. On Tuesday, NASA confirmed the results of its analysis of the incident.
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LinkedIn is the Twitter/X rival no one is talking about
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Want Reese Witherspoon's gorgeous glow? Her favorite vitamin C oil is nearly 40% off at Amazon
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US consumer confidence hits lowest level since July 2022
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