How Much Money Will SpaceX Make in 2024?

Core Insights - SpaceX is projected to generate approximately $13.3 billion in revenue in 2024, driven by its rocket launches, Starlink services, and other ventures [3][4][6] - The company is expected to achieve significant profitability, with operating profits potentially exceeding $4.5 billion, reflecting a year-over-year increase of 50% [6][8] - SpaceX's Starlink satellite internet service has become its largest revenue source, growing faster than its launch business [5][8] Revenue Breakdown - SpaceX anticipates 140 rocket launches in 2024, contributing an estimated $5.5 billion in revenue from these missions [2][3] - The Starlink business is expected to generate around $6.8 billion from terminal sales and service provision [3][5] - Additional revenue of approximately $1 billion is projected from various projects, including NASA collaborations and military communications [3][4] Competitive Position - SpaceX's projected revenue for 2024 surpasses that of Lockheed Martin's space business, indicating its growing stature in the industry [4] - The company is noted for its high profitability, with an estimated adjusted profit margin of nearly 35% in 2023, significantly higher than Lockheed Martin's less than 9% [5][6] - SpaceX's valuation reflects its growth potential, with a forward earnings multiple of 40 times, suggesting a favorable investment outlook given its growth rate [6][8]