How SpaceX Makes Money

Various sources on the Internet say:
- Starlink (a division of SpaceX) has over 10 million users worldwide, income over USD 11.4 Billions/year, currently this is the only profitable operation for SpaceX
- Satellite launching service (Launching division) has successes in putting satellites in orbit, has government contracts, has capacity to lift ‘heavy load’ and ‘reusable rocket parts’; still losing money on operations due to R&D and safety concerns

In sum SpaceX can make profits when it pulls out of the heavy investment (debts) and makes use of its R&D.

NB SpaceX shares on stock exchanges are financial products traded on expectations of profitability of SpaceX’s business operations. The variations of the share price make profit or loss to the share holders (not SpaceX itself). We may consider cryptocurrencies (like ‘bitcoins’) in the same way - expected value .