SpaceX, Elon Musk's private rocket firm, posted a Q1 2023 profit of $55 million from $1.5 billion in revenue, following two years of losses. The company's valuation is estimated at around $150 billion, similar to Intel Corporation and Walt Disney Company. In 2022, SpaceX's expenses were approximately $5.2 billion, up from $3.3 billion the previous year, but revenues doubled to $4.6 billion, reducing losses to $559 million. The company also reported a $373 million devaluation of its bitcoin assets over 2021 and 2022.