SpaceX 2025 Revenue Composition — Total $18.7 billion
A structure where Starlink virtually drives both revenue and operating profit alone
Revenue share by segment As of 2025
Starlink 61%
Launch 22%
Other 17%
Starlink share to rise to 69% in Q1 2026
Operating profit contribution Starlink vs. Company total
Starlink operating profit +$4.4 billion
Company total GAAP net loss $4.9 billion — Starlink solely driving profit