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

January 13, 2017 6:18 PM
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Internal documents reveal aerospace company has thin bottom line vulnerable to accidents, hopes planned satellite-internet business will finance eventual Mars missions

One hundred and thirty nine seconds is all it took for an unmanned rocket to explode after blastoff and turn Elon Musk’s booming Space Exploration Technologies Corp. into a geyser of red ink.

That June 2015 disaster, followed by months of launch delays, contributed to a quarter-billion dollar annual loss and a 6% drop in revenue, after several years of surging sales and small profits.

Source: wsj.com

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