Money

Elon Musk’s SpaceX turns profit after years of losses

Published

2 years ago

August 18, 2023

Elon Musk’s SpaceX has reportedly managed to achieve a profitable quarter after experiencing financial losses over the past two years.

Although SpaceX’s financial information is not publicly disclosed due to its status as a privately-owned entity, documents obtained by The Wall Street Journal reveal that the company recorded a profit of $55 million in the first quarter of the current year. This positive result comes after a period marked by financial challenges and losses.

During the first three months of the year, SpaceX generated approximately $1.5 billion in revenue. The company’s valuation stands at an estimated $150 billion, placing it in the same market capitalization range as prominent entities like Intel and Disney.

SpaceX has remained privately held, largely due to substantial capital injections. In 2022, the company raised approximately $2 billion by issuing stock, marking a notable increase from the $1.5 billion raised in 2021.

Investors who have purchased SpaceX stock have expressed a long-term perspective on their investments, focusing less on short-term losses and more on the company’s potential for sustained growth.

Path to Profitability and Development Challenges

SpaceX saw its revenue double in 2022, reaching $4.6 billion. However, despite the revenue boost, the company reported a loss of $559 million, attributed to total expenses amounting to approximately $5.2 billion.

The previous year, 2021, brought a loss of $968 million for SpaceX, with total expenses of around $3.3 billion. A significant portion of the company’s expenses can be attributed to the development of Starship, a reusable heavy-lift launch rocket with a projected cost of $3 billion. Elon Musk envisions Starship as a vehicle capable of transporting cargo and humans to destinations like the moon and Mars.

Investment in the Future

Starship’s development has absorbed substantial resources, with SpaceX dedicating a total of $5.4 billion to property and equipment expenditures in 2021 and 2022. A significant portion of this investment has been allocated to Starship’s development efforts.

Despite challenges, including a recent failed test flight of a Starship spacecraft, SpaceX remains focused on its ambitious goals and vision for the future of space travel.

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

2 days ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

4 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

5 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews