Elon Musk’s SpaceX will record revenue of about $15.5 billion this year, the billionaire said on Tuesday, underscoring the rocket maker’s growing dominance in the commercial space sector. The company’s commercial revenue from space will exceed NASA’s budget of roughly $1.

Elon Musk's SpaceX will record revenue of about $15.5 billion this year, the billionaire said on Tuesday, underscoring the rocket maker's growing dominance in the commercial space sector.

SpaceX plans to launch the new "Version 3" of its Starship megarocket by the end of 2025 and is working to send the vehicle to Mars a year later, Elon Musk said.