June 4, 2025, 11:38 Asia/Kolkata Author — Elon Musk (@elonmusk) June 3, 2025 Musk also stated that SpaceX expects to earn more from its private, commercial space ventures in 2025 than NASA. He said the company’s revenue will surpass NASA’s budget of around $1.1 billion next year. Last year (2024), several analyst firms estimated that SpaceX generated between $12 and $13 billion in revenue, up from about $9 billion in 2023. In addition to its commercial ventures, SpaceX is actively developing the Starship rocket (with a height of about 122 meters) system for future Mars missions. However, a significant portion of SpaceX’s revenue comes from its satellite internet service, Starlink. This firm has already achieved breakeven cash flow in 2023 and continues to expand its global broadband reach through a large satellite network. Recently, SpaceX partnered with Airtel and Jio to bring Starlink’s high-speed satellite broadband services to India. But these collaborations are currently contingent on regulatory approvals. Starlink also has plans for an IPO in the future. Meanwhile, after setting a record with 134 Falcon launches in 2024, the Musk-led company now aims to surpass it with 170 launches by the end of this year (2025) to meet growing demand for satellite deployment. Despite all its efforts and achievements, SpaceX has also faced several setbacks and challenges in its recent missions. Notably, the Starship rocket experienced two high-profile test flight failures in March and May 2025, with both prototypes exploding shortly after launch attempts. These incidents raised questions about the rocket’s readiness for future missions, including the planned uncrewed Mars flight aimed for the end of 2026. Additionally, the company has encountered regulatory hurdles and scrutiny related to its rapid Starlink satellite deployments, including concerns about space debris and interference with astronomical observations.