This is spaceflight for profit. SpaceX CEO Elon Musk says the launch of 60 Starlink satellites is aimed at spreading “fundamental goodness” in the form of high-speed internet access. Assume half that goes to operations, fuel, pad rental, paying off the FAA etc. As a first crack: SpaceX said once a F9 launch costs $65M. The launch of the Dragon spaceship will be the true dawn of a new age of spaceflight: The commercial age.

TL;DR: SpaceX wasn't profitable in 2014 and 2015; the WSJ don't have any documents from 2016 or 2017, but suspect SpaceX is right about break-even, or 3% net profit at best for 2017 if everything goes well. SpaceX President Gwynne Shotwell said Tuesday that the privately held Hawthorne space company is valued at almost $28 billion based on recent funding rounds, and that it is profitable. SpaceX expects revenue from the telecom project to exceed launch revenue by 2020, and to generate more than $15 billion in profit by 2025, the Journal reported. Once crewed space transportation gets rolling at SpaceX, and Dragon V2s are coming off a mas-production assembly line, I think the break even cost of a ride to orbit will drop to around $12 to $15 million per seat. and (dare we say it) maybe profit. Very pessimistic article.

SpaceX loses Falcon Heavy customer Ovzon to Arianespace by Caleb Henry — August 24, 2019 Ovzon CEO Magnus René said the company got a better deal from Arianespace than SpaceX. A SpaceX team suits up NASA astronauts prior to today's aborted launch.

If you knew nothing about SpaceX and only looked at the numbers, you'd probably think SpaceX was a dud. Still, the $83 million or so that I believe SpaceX gets for each COTS or CRS launch to the ISS gives them considerable profit, to finance research on things like Grasshopper and F9R.