SpaceX reported $13.1 billion in revenue for 2024, a sharp increase from $8.7 billion in 2023. The growth was driven largely by Starlink, which saw its revenue rise to $8.2 billion as its customer base doubled to 4.6 million. Despite lower-than-expected launch volumes, launch sales increased by 19% to $4.2 billion, fueled by more government contracts. SpaceX also saw significant expansion in its maritime and aviation sectors, with maritime customers growing from 10,000 to over 75,000 and aviation terminals rising from 80 to 450 by year-end. The strong financial performance highlights SpaceX’s growing dominance in the space and satellite industries.
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