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A look into the finances of SpaceX

wsj.com

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Re: A look into the finances of SpaceX

#101

Post by bell-cot »

sidewndr46 wrote: post #74
bell-cot wrote: post #35

From Reuters... > In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported. > The company reported about $5.2 billion in total expenses for 2022, up from $3.3 billion the year earlier, according to the report. That $5.2B of expenses got 61 successful, production Falcon rocket launches in 2022. Vs. some pretty-reasonable estimates put t…

The SLS is designed to reach political goals, not financial targets.

Yep. Nicknamed the "Senate Launch System" for very good reason.

Re: A look into the finances of SpaceX

#102

Post by xNeil »

mrguyorama wrote: post #63
Laremere wrote: post #10

Earlier quoted context omitted.

Go work for them on a position that has equity as part of the compensation. Otherwise, I doubt it. Elon has been pretty vocal about regretting making Tesla public. Additionally SpaceX as a company is oriented around putting humans on mars. Until that happens, I expect a supermajority of ownership would be against the profit seeking motives that an IPO creates. Short of investing in them, you could look for companies…

>Elon has been pretty vocal about regretting making Tesla public That's laughable, because without making Tesla public he wouldn't be able to live the superstar uber rich lifestyle he thinks he deserves. Pretty much everything he has personally is owed to Tesla public valuation.

what uber rich lifestyle? he owns no mansions, no yachts, and i’m not sure he has any super cars. this is a man who sleeps at the office on several occasions.

Re: A look into the finances of SpaceX

#103

Post by oblio »

bell-cot wrote: post #35

From Reuters... > In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported. > The company reported about $5.2 billion in total expenses for 2022, up from $3.3 billion the year earlier, according to the report. That $5.2B of expenses got 61 successful, production Falcon rocket launches in 2022. Vs. some pretty-reasonable estimates put t…

It's ridiculous what amounts of money these ventures can siphon away in the US. See Uber, AirBNB, etc. I'm not saying they don't pay off, but these businesses literally choke most international competition.

There are probably 1-2 countries in the world that can afford to keep running a business with losses at around $1bn per year.

Re: A look into the finances of SpaceX

#104

Post by fourseventy »

Un1corn wrote: post #75
DoesntMatter22 wrote: post #60

Earlier quoted context omitted.

Most of the changes seem to be great to me. Long form video. Longer posts. Revenue sharing. Great changes so far

I think most people focus on bringing back far-right people to the platform, making the application inaccessible to logged out users and the failed attempts at Twitter Premium or whatever it's being called.

So far-right people shouldn't be allowed on the platform but far-left people are? Elon simply balanced the conversation.

Re: A look into the finances of SpaceX

#105

Post by dragonwriter »

xNeil wrote: post #99
georgeg23 wrote: post #77

Earlier quoted context omitted.

The only person that has to lie is Musk. That's why SpaceX is run as an autocracy. Everyone else drinks the Mars Kool aid. People who have been around a while connect the dots. To be more precise, the company is run by the DoD with significant technical and financial assistance. Elon is the main conduit between those deep resource and the rest of the company. He regularly meets with all teams to ensure they are align…

can the internet please decide whether SpaceX is an autocracy, or if (as several media outlets put it) Elons companies succeeded in spite of him as opposed to because of him. both of these cannot be true at the same time.

> can the internet please decide whether SpaceX is an autocracy, or if (as several media outlets put it) Elons companies succeeded in spite of him as opposed to because of him.

No, the internet isn't a hive mind, and is never going to have simple unitary opinions except as rare coincidence.

> both of these cannot be true at the same time.

And yet a planet-scale information network can easily include voices that believe each of them simultaneously, because people disagree.

Re: A look into the finances of SpaceX

#107

Post by reso »

bell-cot wrote: post #35

From Reuters... > In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported. > The company reported about $5.2 billion in total expenses for 2022, up from $3.3 billion the year earlier, according to the report. That $5.2B of expenses got 61 successful, production Falcon rocket launches in 2022. Vs. some pretty-reasonable estimates put t…

You can't compare falcon to SLS because Falcon cannot do what SLS does.

You can't compare SpaceX's figures to NASA because NASA has many, many more reporting obligations than SpaceX.

Every report on Falcon 9 costs has made this mistake forever. SpaceX does not release their full costs. What numbers we have for them are PR releases. Meanwhile, NASA's budgets are public and comprehensive, and they have legal parameters on what they have to include in their statements about costs that SpaceX does not have.

Re: A look into the finances of SpaceX

#108

Post by georgeg23 »

chasd00 wrote: post #90
mrguyorama wrote: post #63

Earlier quoted context omitted.

>Elon has been pretty vocal about regretting making Tesla public That's laughable, because without making Tesla public he wouldn't be able to live the superstar uber rich lifestyle he thinks he deserves. Pretty much everything he has personally is owed to Tesla public valuation.

> superstar uber rich lifestyle to be fair that lifestyle was enabled for the rest of his life in the paypal days. i don't think anything he does now is driven by getting a new car or eating at a fancier restaurant. He's been able to have as luxurious lifestyle as possible for a long time.

I suspect he actually believes his purpose is to save humanity from nuclear war (per Griffin's approach above). This is when Elon stopped buying and crashing sports cars.

Re: A look into the finances of SpaceX

#110

Post by fourseventy »

mrguyorama wrote: post #63
Laremere wrote: post #10

Earlier quoted context omitted.

Go work for them on a position that has equity as part of the compensation. Otherwise, I doubt it. Elon has been pretty vocal about regretting making Tesla public. Additionally SpaceX as a company is oriented around putting humans on mars. Until that happens, I expect a supermajority of ownership would be against the profit seeking motives that an IPO creates. Short of investing in them, you could look for companies…

>Elon has been pretty vocal about regretting making Tesla public That's laughable, because without making Tesla public he wouldn't be able to live the superstar uber rich lifestyle he thinks he deserves. Pretty much everything he has personally is owed to Tesla public valuation.

He already had hundreds of millions of dollars before he founded Tesla and SpaceX due to the Paypal sale to Ebay....
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