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.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, 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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