Lost $250M using the advertised launch price of $67M for Falcon 9, which of course is way higher than what it actually costs SpaceX.
Granted maybe there's some marginal benefits, eg launching n+1 rockets is cheaper per rocket than launching n rockets
So if the company is breaking even, then its manufacturing & launch business must have good margins.
Which means, self launched rockets cost SpaceX noticeably less than their commercial pricing.
And the spend about $2 billion on Starship per year.
So $6 billion in, $2 billion on Starship, $4 billion in other costs.
In 2022 they launched 61 times, which is $65 million per launch on average, they charge $67 million per launch.
They got $2 billion from NASA for 2022.
In 2022 they launched 3 crewed missions, 2 for NASA and 1 private.
And while they raised a lot of money, it isn't actually that much. If they had 0 or negative margin on launches the company wouldn't be nearly sustainable.
That they made any profit at all is a damn miracle.
> Granted maybe there's some marginal benefits, eg launching n+1 rockets is cheaper per rocket than launching n rockets
There very clearly is. Every launch company has talked about this. The fixed cost for infrastructure, boats, launch teams and so on is absolutely huge. That is why so many New Space companies bet their company on launching often.
At the same time SpaceX is now recovering fairing on almost all launches. Landings have been perfect. Development is done. And Fixed cost are distributed over a whole lot of launches. They can now fly the newer cores 15-20 times.
The Upper Stage is the biggest cost, people estimate it between 5-15M. And then 10-20M in fixed cost, labor and recovery hardware amortisation. I think it can't really be more then 35M, I would guess less.
Beyond that it's mostly people's times and materials they have stockpiled for economies of scale.
I would guess the lost satellites cost a bit more to manufacture that to launch in a reused Falcon 9.