SpaceX Releases 17-Minute IPO Roadshow Video, Aiming to Increase Gross Margin to Around 70%

BlockBeats News, June 4th. Earlier on Thursday, SpaceX released a 17-minute IPO roadshow video to retail investors, which was posted on the company's website with a prominent message encouraging visitors to open a brokerage account. The only person featured in the video was CFO Brett Johnson, who connected the dots between the company's rocket, satellite, and artificial intelligence businesses. Johnson stated: "Elon's goal in founding SpaceX was to change the destiny of humanity, making us a multi-planetary species. Excitingly, we have been able to further this vision through Starlink and AI solutions."

The roadshow material outlined several future goals without specific target dates, including increasing the gross margin from 49% last year to around 70% and achieving a net profit margin of about 45%, compared to -26% last year. Johnson also discussed SpaceX's significant capital expenditure. He mentioned that it's not just us making large investments in capital expenditure, especially in the AI field of our business. This has been the largest part of our capital expenditure over the past two years. Johnson also highlighted asteroid mining, an unproven business model in which SpaceX showed little interest prior to the IPO. (Wall Street 10)