Of this, private equity provided approximately $200 million, with Musk investing approximately $100 million and other investors having put in about $100 million. SpaceX's active reusability test program began in late 2012 with testing low-altitude, low-speed aspects of the landing technology.SpaceX is, after all, primarily a government contractor, racking up $15.3 billion in awarded contracts since 2003, according to US government records. Its most important businesses are launching astronauts and scientific missions for NASA, and flying satellites for the US military.Musk isn't the sole owner of SpaceX. He owns 42% and had almost 79% of its voting power as of March, the Journal reported. The upshot of that is that if he wants to take out a loan from the company, he can.

How much did it cost to found SpaceX : $100 million
Elon Musk founded SpaceX in 2002, investing $100 million he made from the sale of PayPal. The company nearly failed before receiving a $1.5 billion NASA contract in 2008. Musk wants to colonize Mars and put a million people on the red planet by 2050.

Where does SpaceX get its money

Despite reaping $3.5 billion in revenue from space launch in 2023, space launch is now SpaceX's smallest business. Turns out, SpaceX now makes most of its money from Starlink.

Who pay for SpaceX : SpaceX is privately funded. SpaceX developed its first launch vehicle—Falcon 1—and three rocket engines—Merlin, Kestrel, and Draco—completely with private capital.

Musk's aerospace company SpaceX grew from operating with a net loss on revenue of $1.45 billion in 2019 to an operating profit of about $3 billion on $9 billion in revenue in 2023, according to the Information and documents viewed by TechCrunch.

Despite reaping $3.5 billion in revenue from space launch in 2023, space launch is now SpaceX's smallest business. Turns out, SpaceX now makes most of its money from Starlink.

Who funds NASA

Congress
Annual funding for executive branch agencies, such as NASA, is determined by Congress. The following Congressional Committees have jurisdiction over the Federal Government, including NASA's annual budget and appropriations.The company is one of NASA's most important contractors, as our chart shows. In the fiscal year 2022, the U.S. space agency NASA awarded Musk's company about $2 billion in contract volume out of its total approved budget of $24 billion.Despite reaping $3.5 billion in revenue from space launch in 2023, space launch is now SpaceX's smallest business. Turns out, SpaceX now makes most of its money from Starlink.

According to their analysis, Tesla holds over $771 million worth of Bitcoin across its wallets, while SpaceX wallets contain approximately $555 million in BTC.

Why is SpaceX so profitable : Rather, the reason SpaceX's revenue tripled through 2023 was what happened once those Starlink satellites reached space and began beaming down internet service to customers. As millions of subscribers began buying Starlink terminals and paying monthly for Starlink internet service, SpaceX's revenues boomed.

Who cut the NASA budget : Congress
In recent years, Congress has gradually reduced funding for NASA: in 2024, NASA will receive 24.875 billion dollars, 2% less than what it received last year and 8.5% less than 27.185 billion dollars requested. This leaves them with the difficult choice of either funding new missions or supporting existing ones.

Where does NASA get most of its funding

Once the White House sends its budget proposal to Congress, key congressional committees in the Senate and the House of Representatives craft legislation to fund NASA.

SpaceX turned a profit during the first quarter due to surging revenue, The Wall Street Journal reported. For the full year 2022, Elon Musk's rocket company roughly halved losses while doubling what it brought in during 2021.SpaceX makes money by launching things into space for others. It also has a space-based Wi-Fi business called Starlink with an estimated 2.6 million subscribers. Based on pricing for the service, Starlink is likely generating some $5 billion a year in recurring revenue.

Is SpaceX private owned : SpaceX is a private company specializing in space launches and has previously raised funds from both NASA and the United States Department of Defense. SpaceX's valuation could soon be at $150 billion. Because it's a private company, it's not easy for an ordinary person to buy stock.