Reuters Science News Summary

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

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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