Venture
fromTNW | Business
5 days agoSpaceX has spent more than $15 billion on Starship
SpaceX aims for frequent Starship launches, resembling airline schedules, while facing significant financial shifts and investments in AI and Starlink.
Proprietary revenue growth -- Proprietary revenue increased 17% in fiscal 2025 and 23% in fiscal Q4 (period ended Dec. 31, 2025), outperforming overall trends. Network channel revenue decline -- The network channel saw approximately a 60% year-over-year decline, which management expects to stabilize at lower levels for fiscal 2026. Total revenue outlook -- Full-year revenue is guided to low single-digit percentage growth (1%-3%), with an expected flat to slightly down fiscal second quarter and mid-single-digit growth in the second half as network revenue stabilizes.