Inside the Accounts: How Reuse Shows Up in the Books
What do SpaceX's accounting policies reveal?
Chapter summary
Rockets depreciated over 5–25 flights; satellites over 3–5 years; Starlink launches capitalised.
Key takeaways
- 1
Accounting treats boosters as fleet assets.
- 2
Owning launch saved Starlink roughly $3.5–4.7B in 2025 versus buying it (Setcoin illustration).
- 3
Starlink ARPU fell from $91 to $66 a month as costs fell.
Keep reading with Space access
This chapter (2 exhibits, 972 words) is part of Space & aerospace. Space access opens every chapter of all 11 Space reports, with the interactive models, Excel downloads, Ask and named Atlas records.
- Global Market Analysis: Deep Space Economy
- Space-Based Datacenters: Feasibility Study
- Commercial Space Stations: Feasibility Study
- Defence Space and Missile Defence: Golden Dome and the SDA Architecture
- Launch After Starship: Prices, Capacity and European Sovereign Launch, 2026–2035
- Satellites to Phones: Direct-to-Device Connectivity, Spectrum and Economics, 2026–2035
- Space Supply Chain Bottlenecks: Components, Minerals and Capacity, 2026–2030
- Lunar, Cislunar and Settlement Economics: What the Moon Costs and Who Pays, 2026–2060
- Earth Observation and AI Analytics: What a Square Kilometre Is Worth and Who Captures It, 2026–2035
- In-Space Manufacturing and Microgravity Biotech: Products, Platforms and Economics, 2026–2035
- Space-Based Solar Power: Physics, Costs and the Path to Firm Power from Orbit, 2026–2050
€199 a month or €1,490 a year per sector, after a 7-day free trial. Cancel any time. Need several sectors? All sectors: €999 a month.
SpaceX's Launch Business, from Its Own Filing
Next →Falcon 9 Reuse: How a Booster Flies 37 Times
Check the live record Constellation Deployment Monitor · Space Contracts & Tender Radar · Space Claim Check (free)
Ask about this chapter
Answers drawn from every Setcoin report and the live Atlas. Each statement links to the passage behind it.
Ask is included with every subscription
Cited answers across every report and the Atlas, with follow-up questions and a hand-off to the opportunity finder.
Research for professional investors. Not investment advice, and not an offer of any security or fund interest.