(MT Newswires) -- Elon Musk's aerospace company SpaceX has informed certain investors that it anticipates generating approximately $8 billion in revenue for 2023, The Information said late Monday citing people familiar with the discussions.
The projected $8 billion revenue for 2023 compares with $4.6 billion in revenue generated in 2022 and $4 billion in 2021, according to PitchBook data. Last week, CNBC reported that SpaceX reached a $150 billion valuation following a secondary share sale, wherein existing investors traded up to $750 million shares at $81 per share.
The California-based spacecraft manufacturer also told investors it expects to generate approximately $3 billion in operating profits this year, though this estimation excludes expenses related to rocket and satellite construction, The Information said.
SpaceX did not immediately respond to queries from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.
Copyright © 2023 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.