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Internal pre-Starlink SpaceX financials show big spending on moonshot bets
Confidential financial statements from SpaceX for 2018 and 2019 capture an early glimpse at the degree to which the company is likely dependent on its
Confidential financial statements from SpaceX for 2018 and 2019 capture an early glimpse at the degree to which the company is likely dependent on its Starlink business unit, and bringing the Starship rocket online, to become cash flow positive. SpaceX was likely feeling pressure to deliver a safe, reliable spacecraft for NASA astronauts, so it could start realizing more dollars from the multi-billion-dollar government contract it won for crew transportation services. The service has become integral to the company’s overall plans – the core of which is to establish a human colony on Mars or, as CEO Elon Musk often puts it, “to expand the light of consciousness” throughout the universe.
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