Wall Street Journal Looks Into SpaceX Business Plans

Exclusive Peek at SpaceX Data Shows Loss in 2015, Heavy Expectations for Nascent Internet Service, Wall Street Journal

"SpaceX, based in Hawthorne, Calif., transformed the aerospace industry with innovative rocket features and Silicon Valley-style software design principles mandated by Mr. Musk, its billionaire founder and chief executive. The 15-year-old company became the first American firm in years to compete for commercial launch contracts, and the first company to launch and return a spacecraft from orbit. SpaceX declined to comment on details of its finances, but said it has a solid record of success and strong customer relationships. "We have more than 70 future launches on our manifest representing over $10 billion in contracts," said SpaceX Chief Financial Officer Bret Johnson. "The company is in a financially strong position and is well positioned for future growth," adding it has over $1 billion of cash and no debt.

from NASA Watch http://ift.tt/2ikPvJN
via IFTTT