SpaceX is projected to generate around $15.5 billion in revenue in 2025, with its commercial space revenue predicted to exceed NASA’s total budget next year, the company’s founder Elon Musk has announced.
In a post published on X on June 3, 2025, Musk wrote: “SpaceX commercial revenue from space will exceed the entire budget of NASA next year.”
Musk said that SpaceX’s revenue for 2025 is expected to be around $15.5 billion, of which approximately $1.1 billion alone will be gained through its work with NASA.
SpaceX is a private company, so it does not share its financial results, such as revenue and profit. This means that details about the space agency’s financial performance are not easily accessible to the public.
On June 3, 2025, The Wall Street Journal reported that SpaceX made $4.6 billion in revenue in 2022. A Nasdaq report from February 2025, referencing forecasts from Payload Space, indicated that by early 2024, SpaceX’s revenue would increase by more than 50%, hitting around $13.3 billion, up from $8.7 billion in 2023.
These figures proved an accurate prediction, with SpaceX’s posting an estimated revenue of $13.1 billion for 2024 in its end-of-year review – just 1.5% below the forecast from Payload Space.
SpaceX’s revenue driven largely by Starlink
SpaceX has gained financial strength due to its satellite internet service, Starlink, which aims to offer high-speed internet worldwide, especially in remote and underserved areas.
According to consulting firm Quilty Space, Starlink is projected to reach 7.6 million subscribers and generate $12.3 billion in revenue in 2025.
As of June 4, 2025, the SpaceX Starlink constellation includes 7,578 satellites in orbit, with 7,556 of them actively operational, according to Jonathan’s Space Report, a free newsletter on space authored by astrophysicist Jonathan McDowell of the Harvard & Smithsonian Center for Astrophysics.
On June 3, 2025, the company launched 23 Starlink satellites, including 13 with Direct to Cell capabilities, to low-Earth orbit from Space Launch Complex 40 at Cape Canaveral Space Force Station in Florida. According to SpaceX, this was the 21st flight for the first stage booster supporting this mission.
Additionally, SpaceX is currently working on a next generation of fully reusable launch vehicles, which the company says will be “the most powerful ever built”, capable of carrying humans to Mars and other destinations in the solar system.
Read more: Life on Mars? Musk said SpaceX has 50% chance of launching first mission by 2026
