Framing Analysis
SpaceX reported $18.67 billion in sales for the prior year, a 33 percent increase, with Starlink contributing roughly 60 percent and serving 10.3 million users across 9,600 satellites. The company posted a $4.94 billion net loss while preparing for a market debut at a targeted $1.75 trillion valuation. It remains the sole U.S. provider of astronaut transport to the International Space Station and is developing a NASA lunar lander.