Let's say they make 30 million profit from each Falcon 9 launch. Last year they did 31 launches, but half of those were Starlink launches. That's 15x30 = $450 million profit off Falcon 9, plus whatever they made from Dragon.
You're probably right that they would be fine as a company if they couldn't get any more money. SpaceX could operate at a decent profit and still do either Starlink or Starship at reduced pace. The "free money" just allows them to get to their goals a lot faster.
You're probably right that they would be fine as a company if they couldn't get any more money. SpaceX could operate at a decent profit and still do either Starlink or Starship at reduced pace. The "free money" just allows them to get to their goals a lot faster.