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To: Moonman62
None of his companies have ever made a profit. Extremely unlikely Spacex is making money.
89 posted on 08/03/2018 2:12:28 PM PDT by rb22982
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To: rb22982

First of all, that article is from January, 2017. Second, the article says that SpaceX was profitable:

SpaceX is no longer profitable and cash-flow positive.


92 posted on 08/03/2018 2:25:40 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: rb22982

“None of his companies have ever made a profit.”

FAKE NEWS BY SOMEONE WHO SURE WANTS TO RUN DOWN THE TESLA STOCK PRICE!


98 posted on 08/03/2018 5:11:07 PM PDT by TexasGator (Z1)
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To: rb22982

I like your link!


But SpaceX is not out of this race yet. Just two weeks into the New Year, SpaceX returned to space with the successful launch of 10 Iridium satellites last week. The company has a second mission tentatively scheduled to go up as soon as Jan. 30. At the pace it’s setting, SpaceX could conceivably launch a couple dozen rockets — or more — this year, which would be plenty to get the company back operating in the black. Meanwhile, SpaceX CFO Bret Johnson confirms that the company’s balance sheet remains in tact despite two money-losing years.

With over $1 billion of cash in the bank, no debt, and rockets rising into space at a pace that should more than offset costs, 2017 could be the year that SpaceX turns “profitable and cash-flow positive” once again.


99 posted on 08/03/2018 5:16:09 PM PDT by TexasGator (Z1)
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To: rb22982

For full disclosure I am also invested in SpaceX


101 posted on 08/03/2018 5:21:15 PM PDT by TexasGator (Z1)
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