How does SpaceX make money? - ProProfs Discuss
Topics
Products
Follow Us:

How does SpaceX make money?

Asked by F. Lopez, Last updated: Mar 24, 2020

+ Answer
Request

2 Answers

S.Sophie

S.Sophie

Answered Feb 10, 2020

SpaceX obtains most of its money from participating in just one activity, which is launching satellites into orbit. The company changes commercial customers a standard rate of $62 million per launch for this service. It changes to around $20 million more for more complex government space missions such as putting a science satellite into for NOAA, launching a GPS satellite for the Air Force, and resupplying the international space station.

SpaceX obtains most of its money from participating in just one activity, which is launching
The SpaceX seems to have a price to sales ratio of 9.2 or maybe lower if there are some other impending revenues. In the near future, they will be selling seats on human-crewed flights to the ISS in their Dragon spacecraft. They also plan on selling trips to the moon.

 

E.Evelyn

E.Evelyn

Answered Feb 07, 2020

SpaceX makes its money a number of ways. One way is through their costs. Their costs are incredibly lower than those of their competition. Many of the satellite and spacecraft launches prices are set others like ULA. SpaceX does not go off of those prices. Instead, they lower the cost.

In doing so, they are able to make a significant profit every time there is a launch. Another way SpaceX makes money is through their contracts. They have a contract for NASA, which helps the commercial crew. Space X is able to use their profit to recover any costs accrued from development and help future launchers.

 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.