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SpaceX finances revealed on eve of launch

SpaceX Falcon 9 readied
SpaceX’s Falcon 9 rocket is readied to launch 10 Iridium Next satellites into orbit at Vandenberg Air Force Base in California. (Iridium Photo via Twitter)

As SpaceX prepares for its first Falcon 9 rocket launch in five months, a new report about the company’s finances is pointing to the importance of getting back to routine operations – and the importance of SpaceX’s satellite operation in the Seattle area.

Today’s report in The Wall Street Journal is based on a look at the privately held company’s internal financial documents. Those documents indicate that the company lost $260 million on revenues of nearly $1 billion in 2015.

The main factor behind that loss was the schedule disruption caused by the breakup of a Falcon 9 shortly after liftoff in June of that year.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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