I don’t think that’s quite true. (Happy to be proven wrong if somebody has better numbers than me.)
From what I can see the launch business generated $4.1 billion, but profits in that segment are negative because the $3 billion in Starship development costs are lumped in to that. The overall loss (-$600 million) would instantly turn into great profit if they decided to give up on Starship.
But for sure, xAi is a nightmare. Absolutely Elon trying to bail himself out again.
I don’t think that’s quite true. (Happy to be proven wrong if somebody has better numbers than me.)
From what I can see the launch business generated $4.1 billion, but profits in that segment are negative because the $3 billion in Starship development costs are lumped in to that. The overall loss (-$600 million) would instantly turn into great profit if they decided to give up on Starship.
But for sure, xAi is a nightmare. Absolutely Elon trying to bail himself out again.
Generated 4.1 billion with a profit of how much?
And how much money did they get from the US government?
Lockheed Martin gets most of their money from the government and still manages to be profitable.