Tag: MindBlowingly

Billionaire Elon Musk’s New Space Business Is Mind-Blowingly Profitable

Two months ago, Bloomberg put SpaceX in its gunsights: Contrary to CEO Elon Musk’s boasts, argued the news agency, claims that the company’s Starlink satellite internet subsidiary is already profitable seem “suspect.” Citing “persons familiar” with SpaceX’s finances, Bloomberg argued that SpaceX is losing “hundreds” of dollars on every Starlink ground terminal it sells. Bloomberg […]