SpaceX在202_老虎社区_美港股上老虎

SpaceX在2025年全年营收186.7亿美元，同比增长33%。Starlink贡献了约58-69%的收入，用户数突破1,030万。听起来不错。问题出在利润端：2025年净亏损49.4亿美元，而2024年还有7.91亿美元盈利。2026年Q1单季净亏损42.8亿美元，已接近去年全年水平。

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