Confidential financial statements from SpaceX for 2018 and 2019 capture an early glimpse at the degree to which the company is likely dependent on its

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Confidential financial statements from SpaceX reveal the company's dependence on its Starlink business unit and the upcoming Starship rocket to become cash flow positive. SpaceX experienced revenue growth from 2018 to 2019 but operated at a net loss. The company's financials also show significant spending on research and development, with a large portion focused on the Starlink and Starship programs. U.S. government contracts accounted for a significant portion of SpaceX's revenue during this period.

Internal pre-Starlink SpaceX financials show big spending on moonshot bets