Exclusive-SpaceX generated about $8 billion in profit last year ahead of IPO, sources say


FILE PHOTO: SpaceX's logo and an Elon Musk photo are seen in this illustration created on December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK, Jan 30 (Reuters) - SpaceX generated about $8 billion in profit on $15 billion ‌to $16 billion of revenue last year, two people familiar with the company's results ‌said, providing fresh insight into the financial health of Elon Musk’s space company that is expected to go public later this year.

SpaceX's most recent financials, which have not been previously reported, led some banks to estimate that the ‍company could raise more than $50 billion at a valuation ‍exceeding $1.5 trillion, said the people, who ‌asked not to be named to discuss private conversations.

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