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SpaceX’s Secret Profit Drivers
Description
SpaceX just hit a market cap over $2.6 trillion after its massive IPO, but don’t let the rockets fool you — this is now a tech giant with Starlink, xAI, and X dominating its portfolio. While the company lost nearly $5 billion last year, Starlink alone made $4 billion profit with 10 million users, and plans to expand internet access even to airlines. xAI just inked a $60 billion deal to buy Cursor, betting big on the $28.5 trillion AI market. Elon Musk’s goal? $1 trillion in annual revenue by 2030 — a bold move fueled by AI and Starlink’s unstoppable growth.
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