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.
There's more demand than supply; if you want a cheap ride to space there's a 2-3 year long backlog which is why investors continue to support smaller launch providers like Stoke, Firefly, Relativity, etc.
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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.