How SpaceX Uses a Secret Launch Subsidy to Make Starlink Look Insanely Profitable

For most of its lifetime, Space Exploration Technologies (NASDAQ: SPCX) has been a rocket stock: The first private company to put a rocket in orbit, the first to launch and then land a rocket -- then launch it again -- and the company that cut the cost of spaceflight by as much as 75%.These were SpaceX's claims to fame.Then came the SpaceX IPO, and with it, the publication of SpaceX's IPO prospectus. When SpaceX at long last revealed its financial data to the world, it became obvious to investors that SpaceX might be an artificial intelligence company (because SpaceX hopes to make most of its money from xAI). Or SpaceX might be a satellite communications company (because Starlink is SpaceX's only profitable division).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool