Is SpaceX profitable?
SpaceX has three revenue streams: Starlink, rockets, and AI. These businesses combined to generate $18.7 billion in revenue in 2025, with Starlink accounting for over 69%, AI for almost 17.5%, and rockets for more than 13%. SpaceX's revenue soared 33% in 2025, with about 60% of its growth coming from Starlink.
The company reported a net loss of $4.9 billion last year, down from a profit of $791 million in 2024. That's due to its acquisition of xAI, which is investing heavily to support its AI initiatives.
If SpaceX can continue growing its revenue and start making money from its AI investments, its stock will have the fuel to rocket higher in the future.