What Does SpaceX Get Paid For?


With the SpaceX IPO launching on June 12th, Axios Markets looked at its total addressable market (TAM). Saying it was “galaxy math,” they cited the U.S. GDP as only slightly less. Excluding China, Russia, and colonizing Mars, they predicted a whopping $26.5 trillion from AI:

SpaceX IPO TAM

SpaceX Revenue

The sources of SpaceX revenue range from the International Space Station to the U.S. Space Force, to you and me:

By the end of 2030, astronauts on the International Space Station will no longer be saying, “Today’s urine is tomorrow’s coffee” because then, the International Space Station (ISS) will be trashed. For as much as $843 million, SpaceX will be guiding the station into the Pacific Ocean. At a deep water dumping spot called Point Nemo, the ISS will join other space junk.

In addition, SpaceX is the launch of choice for the U.S. Space Force. For a warfare systems satellite communications network and satellites that track missiles and aircraft, SpaceX won 2 contracts that total $6.5 billion. Called Customer A in its security filings preceding its IPO, the federal government is SpaceX’s largest client.

But it’s Starlink that can be called the SpaceX cash cow. Ranging from my WIFI during a recent flight to Florida to Ukraine’s troop connectivity, Starlink has 10.3 million subscribers. As a global broadband internet service from space, it uses more than 9,600 satellites in low-earth orbit. Then, according to Yahoo!Finance, they add 70 satellites per week. And, on the other end, SpaceX plans to produce a whopping 15,000 Starlink kits each day.

For our summary, Markets.com helped us out:

SpaceX revenue

Our Bottom Line: Financial Intermediaries

Like all IPOs, the SpaceX Initial Public Offering moves private ownership of a company to the public. Purchasing shares from a group that (usually) includes the original owners, the company, and Venture Capital investors, buyers become owners of the company. But someone has to connect sellers and buyers. And that is why we need financial intermediaries.

Financial institutions play a hidden role in our everyday lives. Called intermediaries by economists, they link the people with money to those who need it. They include the stock markets that are a place and a process through which companies can connect to investors. Similarly, banks eliminate the need to find an individual who will pay for your house, your car, or your new factory. Banks are one of the go-to places for storing your money, paying your bills, and funding your business ventures.

Financial intermediaries have been compared to a beating heart. Like a heart keeps nutrient-laden blood flowing around our bodies, banks, stock markets, and other similar entities and institutions pump money around our economy. Whether talking about a healthy body, a healthy economy, or the SpaceX IPO, a heartbeat and a financial intermediary are crucial.

My sources and more: Thanks to Emily Peck’s Axios Markets email for inspiring today’s post. From there, searching for SpaceX, we discovered this Smithsonian article. But the best summaries of their revenue and the IPO were at Yahoo!Finance and Markets.

Please note that several of today’s sentences were in a past econlife post.

The post What Does SpaceX Get Paid For? appeared first on Econlife.



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Google is experimenting with a new policy restricting the amount of free storage provided to some accounts. New Google accounts (including new Gmail accounts) created in certain regions will be limited to 5GB of free storage when they’re first set up. That’s only one-third of the amount of storage that has been typically offered. There is a way of increasing the amount of free storage you get when setting up a new account, though: you can unlock it by linking your phone number.

When approached for comment by Android Authority, a Google spokesperson confirmed that the new policy was being tested to “help us continue to provide a high-quality storage service to our users, while encouraging users to improve their account security and data recovery.” The statement didn’t clarify which regions the policy is being tested in, nor for how long the testing period will last.

Notably, a Google One Help support page about account storage has been updated to state that each Google account contains “up to 15 GB of storage”, as noted by 9to5Google. Previously, the page didn’t say “up to”; it simply stated that accounts come with 15 GB of storage. So far, the experiment doesn’t appear to stretch to pre-existing accounts.

Per a screenshot shared by Reddit user Sungusungu on R/DeGoogle (a subreddit dedicated to finding alternatives to Google services and products) Google is collecting phone numbers to make sure that the full 15 GB of storage is only redeemed once per person. Of course, that’s easily evaded by using a burner phone to set up multiple accounts, should you want to. The pop-up directs users to a webpage to learn more about storage management. However, at the time of writing, the link redirects to the help center landing page instead.

How to link your Google account with a phone number

If you’re in the process of setting up a new Google account in an impacted region, then you might be prompted with the option of unlocking an extra 10 GB of storage using your phone number via a simple pop-up menu. If so, you can go ahead and follow those steps. However, if you want to link your phone number with a pre-existing Google account, then here’s what you need to do. Using your computer, you need to:

  1. Open your browser and head to myaccount.google.com, then navigate to “Security and sign in” on the left-hand toolbar. This should open a list of security options.

  2. Select “Use your phone to sign in” and then “Set it up”. 

  3. Add a phone number using the “Recovery phone” option.

  4. Follow the on-screen steps to verify your number and finish linking it to your account.

Your options might look a little different if you already have a recovery number set up with your account.

Alternatively, you can connect a phone number to your Google account from your Android device, iPhone, or iPad. Much like on a computer, you connect your number by adding it as a recovery phone. First, head over to myaccount.google.com. Then select “Personal info”, followed by “Phone”. From there, you should be able to add or edit your phone number by navigating to the “Recovery phone” section.





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