Astronauts
Astronomy
Constellation
Deep Sky Objects
Moon
Stargazing
Telescope
About Us Contact Us Privacy Policy Accuracy & Corrections Terms & Condition
COPYRIGHT. All contents of on the site comporting the StarLust branding are Copyright 2019. All rights reserved.
STARLUST.ORG / ASTRONOMY

Elon Musk says SpaceX revenue will reach $15.5 billion and exceed 'the entire budget of NASA' in 2025

Elon Musk announced SpaceX is projected to earn roughly $15.5 billion this year, solidifying its commercial space dominance.
PUBLISHED JUN 4, 2025
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump in the Oval Office of the White House on May 30. (Representative Cover Image Source: Getty Images | Kevin Dietsch)
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump in the Oval Office of the White House on May 30. (Representative Cover Image Source: Getty Images | Kevin Dietsch)

Elon Musk announced on Tuesday, June 3, that SpaceX is projected to hit roughly $15.5 billion in revenue this year, a clear sign of the company's increasing dominance in the commercial space industry. Also, Musk highlighted on X that SpaceX's commercial space revenue is expected to surpass NASA's approximate $1.1 billion budget for projects related to Musk's company next year. This growth stems from SpaceX's focus on meeting demand for affordable launch services and satellite communications, while NASA continues to concentrate its funding on deep space exploration and research missions, as reported by Reuters.

White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a Cabinet meeting at the White House on April 30, 2025 (Image Source: Getty | Andrew Harnik)
White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a Cabinet meeting at the White House on April 30, 2025 (Representative Image Source: Getty Images | Andrew Harnik)

A key component of SpaceX's long-term vision is the 400-foot (122-meter) tall Starship rocket system, which Musk has stated will be crucial for sending humans to Mars. Complementing this ambitious project, the company's reusable Falcon 9 and Falcon Heavy rockets have dramatically cut launch costs, allowing SpaceX to capture a significant portion of the global launch market. This efficiency led to a record-breaking 2024 for SpaceX, with 134 Falcon launches, solidifying its position as the world's most active launch operator.



 

Looking ahead, SpaceX aims to surpass its own record with 170 launches by the end of 2025, as announced last week, to keep pace with the increasing demand for satellite deployment. While its rockets are busy, a major driver of SpaceX's revenue comes from Starlink, its satellite internet service. Elon Musk has indicated Starlink will eventually go public, though a timeline remains unconfirmed. As of November 2023, Starlink had already achieved breakeven cash flow, having successfully deployed thousands of satellites to provide global broadband internet under its banner.

Beyond its commercial endeavors, SpaceX, alongside two partners, has also emerged as a frontrunner for a significant role in US President Donald Trump's ambitious "Golden Dome" missile defense shield. Recently, despite some explosive setbacks with its massive Starship rocket, SpaceX has reaffirmed its unwavering commitment to its audacious goal of reaching Mars by 2026. This long-held inspiration of Musk to establish a self-sustaining civilization on the Red Planet was a central theme of his recent 42-minute presentation, shared on SpaceX's X account. 



 

During the presentation, Musk emphasized, "Progress is measured by the timeline to establishing a self-sustaining civilization on Mars," underscoring the ongoing dedication to Starship's development despite the challenges. Following a successful Starship journey to Mars in 2026, SpaceX intends to significantly ramp up its efforts, with plans for roughly 20 Starship missions to the Red Planet between 2028 and 2029, some of which could carry human passengers. Musk explained their strategy: "Assuming the first missions are successful and they land successfully, we'd send humans on the next mission, and we really start building the infrastructure for Mars."

He also considered a more cautious approach, adding, "Maybe, just to be safe, we might just do two landing episodes with Optimus and do the third one with humans. We'll see." In addition, Starship currently holds the title of the largest and most powerful rocket ever built, approximately 397 feet (121 meters). Even larger versions are already on the horizon, with Elon Musk announcing that Version 3 will reach 408 feet (124,4 meters) when fully assembled. This forthcoming iteration is specifically designed to facilitate Martian settlement. 

MORE ON STAR LUST
Stargazers in Europe photographed the unexpected celestial display on the night of June 23.
15 minutes ago
New advancements enable ground-based telescopes to push cosmic observation boundaries.
7 days ago
New images from the European Space Agency's innovative 'eclipse machine' debuted on June 16, are causing scientists to rethink the actual rarity of total solar eclipses.
Jun 17, 2025
This stunning phenomenon was captured by Col Anne McClain from the Cupola, while she was aboard the SpaceX Dragon, docked at the ISS.
Jun 15, 2025
Space Launch Complex-37 (SLC-37), which hosted the final flight of ULA's Delta IV Heavy rocket just over a year ago, is being demolished to be repurposed for SpaceX's Starship.
Jun 14, 2025
Elon Musk's threat to halt SpaceX's Dragon spacecraft flights particularly alarmed officials.
Jun 11, 2025
Initially, amateur astrophotographer Mary McIntyre considered the blue light she saw on May 1 might be a rare aurora, but its rapid movement quickly led her to dismiss that idea.
Jun 10, 2025
The European space industry will be strengthened under a legislative effort by this draft law, which can help regulate space services.
Jun 9, 2025
Musk's decision for the drastic measure was in retaliation to President Trump's public statements to revoke government contracts from his businesses.
Jun 6, 2025
During a dispute over a major tax bill, President Donald Trump revealed he wanted to cut down on Musk's funding.
Jun 6, 2025
The new satellites are essential for the Resilient Missile Warning Tracking Epoch 2 program.
Jun 5, 2025
Texas lawmakers passed a bill giving the new city of Starbase the power to periodically close Boca Chica Beach, overriding objections from local activists.
Jun 5, 2025
SpaceX is aiming for an aggressive 170 launches this year, significantly surpassing their previous record of 134 orbital liftoffs, set just last year.
Jun 5, 2025
Elon Musk announced SpaceX is projected to earn roughly $15.5 billion this year, solidifying its commercial space dominance.
Jun 4, 2025
Major General Stephen G. Purdy delivered scathing written testimony to a US House subcommittee, harshly criticizing United Launch Alliance (ULA) for its long-delayed Vulcan rocket program.
Jun 4, 2025
The extension aims to tackle the complexities of the software system that faced setbacks during an upgrade.
Jun 3, 2025
Elon Musk's long-standing ambition to colonize Mars continues to drive SpaceX's Starship development, with a mission to the Red Planet still targeted for 2026.
Jun 2, 2025
The U.S. Space Force has ordered two more advanced GPS III Follow-on satellites from Lockheed Martin for $509.7 million.
May 30, 2025
Jeff Bezos' Blue Origin aims to launch its 12th human spaceflight, NS-32, using the reusable New Shepard vehicle from West Texas this Saturday, May 31.
May 29, 2025
The mission, named Starlink 17-1, sent 24 broadband internet satellites from the Vandenberg Space Force Base.
May 28, 2025