SpaceX Reportedly Turned a Small Profit In the First Quarter of 2023

SpaceX reportedly turned a small profit in the first quarter of 2023, following two years of massive losses....
SpaceX Reportedly Turned a Small Profit In the First Quarter of 2023
Written by WebProNews
  • SpaceX reportedly turned a small profit in the first quarter of 2023, following two years of massive losses.

    According to documents seen by The Wall Street Journal, SpaceX turned a $55 million profit on $1.5 billion in revenue. While that may not be much of a profit, it’s far better than the $559 million loss last year, and the $968 million loss the year before.

    SpaceX continues to grow, securing NASA contracts and deploying its Starlink satellite constellation. Turning a profit this quarter is a significant milestone for the company and its future.

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