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How are Starlink launches accounted for? Are they considered revenue? Capex? Expenses? I guess it depends on the exact corporate structure.
I can't imagine any reasonable way to book it as revenue.
Starlink is revenue. Starlink Launches are $0 revenue.
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I can't imagine any reasonable way to book it as revenue.
Probably cap ex which means they can use depreciation to improve their bottom line numbers.
A capital expenditure is when you buy something whose value slowly decreases with time.
If a factory buys a building for $10MM, it isn't any poorer. Yes, it has $10MM less in the bank, but it also has a building worth $10MM.
As the building loses value with time the factory gets poorer: it's that loss of value which can be depreciated.
How are Starlink launches accounted for? Are they considered revenue? Capex? Expenses? I guess it depends on the exact corporate structure.
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…
Did their profits increase? Elon claimed reusable rockets would be orders of magnitude cheaper. Is that statement true?
At this point it seems pretty plausible that if they succeed in making a whole rocket reusable at a decent cadence, instead of throwing away an upper stage with each launch, then costs will drop dramatically.
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Probably cap ex which means they can use depreciation to improve their bottom line numbers.
By definition, spending on something that is consumable (like a rocket launch) is not a capital expenditure. A capital expenditure is when you buy something whose value slowly decreases with time. If a factory buys a building for $10MM, it isn't any poorer. Yes, it has $10MM less in the bank, but it also has a building worth $10MM. As the building loses value with time the factory gets poorer: it's that loss of value…
It's cool that a tech change can also change the accounting.
Its revenue will almost double again this year (2023) by looking at the number of launches[1]. Definitely the most exciting company Elon has (personal opinion) [1] https://www.spacexstats.xyz/#launchhistory-per-year
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> Get a job at SpaceX The equity upside at hire # 12,001, when the market cap is $150B... is probably not great. I mean it might be a ton of fun, I just wouldn't do it for the 100x returns.
Hold on, they have an evaliation of 150 billion , more than 30x the revenue?
By many historical metrics, the stock markets are insanely overvalued these days. Far too much cash in the system, bidding up the "values" of anything that remotely resembles an investment.
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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…
> Short of investing in them, you could look for companies in industries that are likely to benefit from cheaper space access. I've been investing heavily in domestic tooling, manufacturing and construction. Screw chasing only SpaceX, wouldn't you also like to capitalize on things like our gigantic semiconductor mfg build-out? Playing the supply chain is often times better than having direct access to the thing you w…