Axiom Space ejects CEO after six months, installs NASA veteran as replacement Axiom Space has ousted its CEO after just six months, hiring Jonathan Cirtain to replace Tejpaul Bhatia. Cirtain, who joined Axiom in 2025 and holds a PhD in physics, will serve as both CEO and president. Executive chairman Dr Kam Ghaffarian thanked Bhatia for his service and for "steering the company through a significant …
Space has the sort of problem open source used to have: how do you make money from it? Other than delivering satellites?
Companies do send experiments to ISS but they don't pay 10% of what it actually would cost if ISS was a commercial operation. And most companies just don't have the money for even that.
SpaceX is self-funding by launching their own Starlink satellites, and you see how expensive Starlink is. From what I hear, they're not making much money, they're just funding SpaceX and Starship.
"SpaceX is self-funding by launching their own Starlink satellites, and you see how expensive Starlink is. From what I hear, they're not making much money, they're just funding SpaceX and Starship."
What? SpaceX often has multiple funding rounds each year to keep the doors open on top of government contracts. They are debt-funding their operation and Starlink may never make money. Some say that they'll never be allowed to fail, but it will get awfully embarrassing to NASA and politicians as they continue to not deliver on contracts they've been paid for.
Starlink already making some money. Government contracts are not their big business, although at their current rate of progress the same might be said of ULA. The cratering hole in SpaceX's finances is Starship (or the CEO's politics). Starship might start earning money late next year but I have far less confidence in the CEO.
Yeah, I think people are looking at "old" numbers eg a year or more old and not factoring in not only the growth but the ongoing subscriptions. Motley Fool has an interesting analysis of how things are going with the most recent estimates. How it continues, especially if BO's Kuiper grows similarly is another matter.
"Starlink already making some money. "
The accounting has more spin than a really spinny thing. I expect that they really had to cherry pick the data and time period to make it seem like black ink could be used. If Starlink is spun off into it's own entity, SpaceX would have to charge full price for launches rather than them being accounted for at cost. There would be a volume discount, but there would be no way SpaceX investors would approve of giving away the launches to a fully separate company.
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