Elon Musk’s Space Exploration Technologies, the most highly valued private tech company in the U.S., has told some investors it expects to bring in about $8 billion in revenue in 2023, roughly doubling its revenue from the previous year, according to people familiar with the discussions. The ...

Unfortunately, it’s paywalled, so all I can read is the start,

Elon Musk’s Space Exploration Technologies, the most highly valued private tech company in the U.S., has told some investors it expects to bring in about $8 billion in revenue in 2023, roughly doubling its revenue from the previous year, according to people familiar with the discussions.

The expectation for rapid growth helps explain the fervor of some investors for SpaceX shares, which have defied recently depressed private tech valuations. The company, valued in a secondary share sale at about $150 billion this month, has also assured investors it expects to pull in about $3 billion in operating profits this year, at least by a measure that excludes expenses tied to building rockets and satellites.

Can anyone read the rest?

Has anyone seen analysis? The “excludes expenses tied to building rockets and satellites” is a pretty big “except”.

  • robbak@sh.itjust.worksEnglish
    3·
    1 year ago

    Revenue is money coming in. It never includes operating expenses. So the ‘excludes expenses…’ statement is just so people without business knowledge won’t think this is 8 billion in profit.