Will SpaceX Earn a Profit in 2017?
How profitable is Elon Musk's privately owned space launch venture SpaceX? That's actually a very good question -- but it's not very easy to answer.
Once upon a time, SpaceX boasted right on its website that it was both "profitable and free cash flow positive" (admittedly, it never said exactly how profitable). Then, all of a sudden, it wasn't profitable at all. In fact, as The Wall Street Journal reported earlier this year, even back when SpaceX was claiming to be profitable, it probably wasn't.
On Oct. 30, SpaceX launched Koreasat-5A into orbit. It has now launched 16 rockets this year -- more than any other company in the world. Image source: SpaceX.
Source: Fool.com
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