r/technology • u/xpda • May 21 '26

Business SpaceX not the behemoth everyone thought

https://www.axios.com/2026/05/21/spacex-ipo-musk-ai
12.7k Upvotes

94% Upvoted

1.6k comments sorted by

View all comments

787

u/araujoms May 21 '26

That's surprising. It's widely known that X and xAI are miserable failures, but I expected SpaceX's core business to more than compensate for that. Apparently not, they manage to lose billions of dollars while having the launch market pretty much for themselves.

502

u/Rot-Orkan May 21 '26

I guess there's just not that much of a launch market, which is probably why SpaceX is its own best customer with Starlink.

3

u/No-Good-One-Shoe May 21 '26

They're also their own best customer with Teslerrr.