{"id":167738,"date":"2023-07-18T08:23:41","date_gmt":"2023-07-18T13:23:41","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/07\/spacex-forecasts-doubling-of-revenue-to-8-billion"},"modified":"2023-07-18T08:23:41","modified_gmt":"2023-07-18T13:23:41","slug":"spacex-forecasts-doubling-of-revenue-to-8-billion","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/07\/spacex-forecasts-doubling-of-revenue-to-8-billion","title":{"rendered":"SpaceX Forecasts Doubling of Revenue to $8 Billion"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/spacex-forecasts-doubling-of-revenue-to-8-billion2.jpg\"><\/a><\/p>\n<p><a href=\"https:\/\/www.theinformation.com\/articles\/spacex-forecasts-doubling-of-revenue-to-8-billion\">Elon Musk\u2019s 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.<\/a><\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk\u2019s 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 [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,1514],"tags":[],"class_list":["post-167738","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-space-travel"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/167738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=167738"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/167738\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=167738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=167738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=167738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}