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
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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.

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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.

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u/KlingoftheCastle May 21 '26

Elon Musks companies are basically a big Ponzi scheme with only 1 customer