minus-squareweew@lemmy.catoTechnology@lemmy.world•SpaceX stock drops to a new low and loses $1 trillion in value in a monthlinkfedilinkEnglisharrow-up11arrow-down2·3 days agoActually the Starlink division itself is profitable. The unprofitable part is Twitter and xAI which got merged in right before the IPO. SpaceX was actually on the path to being quite profitable, but then Musk tried to hide his two biggest money sinks inside it. linkfedilink
Actually the Starlink division itself is profitable.
The unprofitable part is Twitter and xAI which got merged in right before the IPO.
SpaceX was actually on the path to being quite profitable, but then Musk tried to hide his two biggest money sinks inside it.