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SpaceX eyes $20b in sales next year on Starlink strength: Bloomberg News

SpaceX eyes $20b in sales next year on Starlink strength: Bloomberg News
SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021.
PHOTO: Reuters file

SpaceX is on track to book revenue of about US$9 billion (S$12 billion) this year across its rocket launch and Starlink businesses with sales projected to rise to around US$15 billion in 2024, Bloomberg News reported on Monday, citing people familiar with the matter.

Sales for Starlink, in particular, are expected to outpace and exceed the launch business next year as the product becomes available in more regions around the world, according to the report.

SpaceX is on track to register earnings, excluding some items, of more than US$3 billion, Bloomberg News said.

SpaceX did not immediately respond to a Reuters request for comment.

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