Space Exploration Technologies Corporation's latest data shows its reliance on the satellite chain business.
A set of latest data from Elon Musk's space exploration technology company, SpaceX, indicates that the success of its initial public offering will depend on whether investors recognize the growth prospects of its Starlink satellite internet business. According to undisclosed financial data obtained by the media, SpaceX's other two businesses - rocket launches and artificial intelligence - are both in a money-burning state and have weak growth, making it difficult to support the staggering valuation Musk is seeking. The data shows that the Starlink internet business achieved revenue of $11.4 billion, a 50% year-on-year growth, accounting for 61% of the company's total sales. The data also indicates that this is the only business segment of the company that is profitable.
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