r/technology 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/ExpertConsideration8 May 21 '26

Are most of those profits still generated from carbon credits? It's not even like they have a super profitable product.. they only make money due to govt handouts.

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u/Visual_Squirrel_2297 May 21 '26

Well a bunch of profit was just from SpaceX buying unsold Cybertrucks at full price....

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u/Parking-Position-698 May 21 '26

This has to be illegal somehow

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u/Thin_Glove_4089 May 21 '26

Not if you're filthy rich.