The Boring Company later became a separate

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3% of the company. After this funding, SpaceX’s valuation was estimated to be $12 billion. 2017-2021: SpaceX made $350 million in July 2017, raising the company’s valuation to $21 billion. In the same year, the company gained a 45% global market share for allocated commercial launch contracts. By early 2018 the company had over 100 launches, representing around $12 billion in contract income. SpaceX established The Boring Company in 2017 and started building a test tunnel adjacent to the SpaceX manufacturing and headquarters facility.


Corporate entity whose 6% of the equity was channeled to SpaceX. In late 2020, SpaceX cyprus phone number resource raised $1.9 billion worth of funding, raising its valuation to $46 billion. The company raised another $1.61 billion in 2021 from 99 investors, raising its valuation to around $74 billion. By 2021 SpaceX had raised more than $6 billion in equity financing, raising its valuation to $100.3 billion. In the same year, the company entered into a contract with Microsoft Azure to offer networking and on-ground computer services for Starlink.


When did SpaceX first Become Profitable? SpaceX first became profitable in 2013 after launching the Falcon 9 rocket. The company’s profitability has grown massively as it became one of the world’s most prosperous space transportation firms. According to a Wall Street Journal analysis, SpaceX’s income peaked in 2014 before falling to $945 million in 2015. The company makes very little profit from its income, regardless of how much it earns. In 2017, analysts predicted a 3% profit margin for SpaceX 2018 based on how successful their operations would have been that year.