JAKARTA - SpaceX founder and CEO, Elon Musk, revealed that his space company is expected to record revenue of around US$15.5 billion (Rp252.4 trillion) by 2025. This shows SpaceX's dominance in the global commercial space sector.
Through an upload on social media platform X on Tuesday, June 3, Musk said that SpaceX's commercial revenue from space will even surpass NASA's annual budget of only about $1.1 billion next year.
Although NASA remains focused on funding deep space exploration and scientific research missions, SpaceX is actually leveraging growing demand for launch services that are more cost-effective and satellite communications to boost its revenue.
The company owned by the richest man in the world is currently developing a giant rocket system called Starship, which is about 122 meters (400 feet) tall. Musk has repeatedly stated that Starship will play an important role in the mission of sending humans to the planet Mars.
Apart from Starship, SpaceX is also known for its reusable Falcon 9 and Falcon Heavy rockets. This technology significantly suppresses launch costs and has helped SpaceX seize the global launch market share of satellites.
The year 2024 is a record-breaking year for SpaceX, with a total of 134 Falcon rocket launches. This achievement makes the company the world's most active launch operator. Last week, SpaceX targeted to surpass the record with 170 launches by the end of 2025, to offset growing demand for satellite launches.
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However, the main driver of SpaceX's current revenue comes from their satellite internet service, Starlink. Musk had previously mentioned that Starlink would conduct an initial share offer (IPO), but until now there has been no certainty of time.
In early November 2023, Musk reported that Starlink had reached a break-even point in cash flows. Under the Starlink program, SpaceX has launched thousands of satellites to provide broadband internet services globally, especially in remote areas that are difficult to reach traditional cable networks.
Furthermore, SpaceX and its two partners are currently the main candidates for winning a strategic contract in the US government-owned 'Golden Dome' missile defense project, which was initiated during the administration of US President Donald Trump. This information was reported by Reuters in April, citing information from six sources familiar with the plan.
With aggressive growth in various sectors, from satellite launches to defense infrastructure, SpaceX shows its position as a new dominant force in the global space industry, as well as strengthening Elon Musk's ambitious vision to make humanity an interstellar species.
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