Why are investment house pouring money into SpaceX?



Founded in 2002 and still owned by Elon Musk, SpaceX is a company focused on space transportation and technology modernization. Its goal is to use technological advances to make space exploration more cost-effective and safer. 

Why are investment house pouring money into SpaceX? Why are investors pouring money into SpaceX? / ph: Pexels

But so far, the Tesla commission to Mars has yet to reach its destination, while SpaceX is often known for its reusable rocket launch trials, including success and failure. Most recently, the company also launched the Starlink project, using satellites to cover the global internet, but this project has not been completed for commercialization.

But according to Motley Fool, SpaceX gains income from its satellite launch. In 2018, this financial news site predicts that SpaceX gets $1.3 billion per year.

But user Quora, electronics engineer Haseeb Ahmad, thinks that SpaceX could make even more if it were based on the company's $4.2 billion contracts with NASA in 2017 and 60 times its rocket launch (worth about 7 billion USD).

The Motley Fool report stated that the company charges industrial customers a standard price of $62 million per launch. They also require government customers an approximated $20 million more for concealed government space missions, such as supplying the ISS space station, bringing scientific satellites of the Meteorological Administration and the US Ocean NOAA into orbit, or launch GPS satellites for the Air Force.

This billions of dollars may not be enough to indicate what SpaceX is doing in 2020, and not to mention the amount of hundreds of millions of dollars that investors pour into SpaceX (such as Google supposedly has invested about 900 million USD in this company).

According to Forbes, SpaceX is currently estimated at $32 billion in 2018, which is why Wall Street has always approved the company to be aboveboard listed on the stock exchange. If so, anyone can buy their stock as well as know more about the company's sales.

Why are investment house pouring money into SpaceX?

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