Egyptian entrepreneur Mohamed Aboul Naga shared that SpaceX's valuation has soared past two trillion dollars, showing over 25% growth in its first few hours. He highlighted several of the company's financial and operational figures. He explained in a Facebook post that SpaceX's annual revenues reached about $18.67 billion, with its Starlink satellite internet service making up roughly 60% of total sales. He added that the company reported a net loss of $4.28 billion in the first quarter, following a $4.94 billion loss the previous year. Aboul Naga noted that Starlink now has around 10.3 million subscribers worldwide, and SpaceX manages a network of about 9,600 satellites. CEO Elon Musk aims to expand this network to 100,000 next-generation satellites. He also pointed out that the company has completed 18 commercial missions and missions for NASA since 2020.
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