SpaceX

SpaceX (Space Exploration Technologies Corp.) is a privately held aerospace giant founded by Elon Musk in 2002, based in Hawthorne, California. Its core business centers on reusable rocket launch services—led by Falcon 9 and Falcon Heavy—which have democratized access to space and generated roughly $3.5 billion in launch revenue in 2023, with a total of 134 launches in 2024 and plans for up to 170 in 2025.

Alongside, its satellite internet arm, Starlink, has rapidly grown from 10,000 users in 2021 to about 4.6 million in 2024 and is projected to contribute $11.8 billion in revenue in 2025, driving the majority of the company’s top-line

In total, SpaceX is expected to report approximately $15.5 billion in revenue in 2025, a massive leap from $4.6 billion in 2022, with its Starlink unit alone surpassing NASA’s entire proposed 2026 budget.

Financially, SpaceX remains one of the most valuable and sought-after private companies globally. The company has raised over $10 billion in equity funding, backed by high-profile investors such as Fidelity, Google, and Andreessen Horowitz.

While overall margins remain private, analysts forecast gross profit margins above 60–70%—driven largely by Starlink’s capital-light telecom model—and some analysts project as high as $8 billion in annual profits in 2025.

The company continues heavy investment in R&D, notably on the Starship system aimed at enabling cost-efficient deep-space missions to Mars. Its dual revenue streams—rocket launches and satellite broadband—position SpaceX as a rare near-vertical in aerospace and telecommunications, offering investors exposure to both proven commercial operations and long-term breakthrough potential.

This opportunity is available to Select Members who qualify as a Qualified Purchaser ($5M+ in investable assets).