Question
Consider this public discussion about the profitability of SpaceX and answer the questions that follow: https://www.quora.com/Was-SpaceX-profitable-in-2021?share=1 The first post in this discussion says: Given the
Consider this public discussion about the profitability of SpaceX and answer the questions that follow:
https://www.quora.com/Was-SpaceX-profitable-in-2021?share=1
The first post in this discussion says:
"Given the amount they are spending on StarLink (both the satellites, the launch costs and the ground equipment) - that project cannot be remotely profitable yet. They are doubtless losing money - and will continue to do so until they have a large number of subscribers.
<...>
SpaceX also won some NASA grants - which will add to the bottom line.
I'd guess - from these numbers - that they probably either broke even, or made a moderate loss."
(a) Does this post talk about the economic profit and loss or the accounting profit and loss? Explain.
(b) Does SpaceX have the economic profit or loss? Discuss. Use the economic theory you have learned in this course.
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