SpaceX Reports $8 Billion Profit Ahead of IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy SATS?
Source: Benzinga
- Strong Financial Performance: SpaceX reported approximately $8 billion in profit last year, with revenues ranging from $15 billion to $16 billion, showcasing its robust financial standing and laying a solid foundation for the upcoming IPO.
- Key Operating Metric: The disclosed profit figures represent earnings before interest, taxes, depreciation, and amortization (EBITDA), a crucial measure of operational performance that enhances investor confidence in the anticipated IPO.
- Diverse Revenue Streams: The majority of SpaceX's revenue is derived from government contracts, particularly for Starlink and the military-grade Starshield network, which provide significant support for the company's financial stability.
- Potential Merger Talks: Ahead of the IPO, SpaceX is reportedly in discussions with Musk's AI company, xAI, about a potential merger, a strategic move that could further enhance the company's market value and competitiveness.
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Analyst Views on SATS
Wall Street analysts forecast SATS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SATS is 127.00 USD with a low forecast of 110.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 116.550
Low
110.00
Averages
127.00
High
158.00
Current: 116.550
Low
110.00
Averages
127.00
High
158.00
About SATS
EchoStar Corporation is a holding company. The Company is a provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar, Boost Mobile, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. Its business segments include Pay-TV, Wireless and Broadband and Satellite Services. Its Pay-TV segment provides video services in the United States through its DISH and the SLING brands. Its Wireless segment provides wireless communication services and products. This segment offers wireless services for 5G VoNR and 5G broadband service to Americans, as well as a competitive portfolio of wireless devices. It offers nationwide wireless services to subscribers primarily under the Boost Mobile and Gen Mobile brands. Its Broadband and Satellite Services segment offers broadband satellite technologies and broadband Internet products and services to consumer customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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