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(Bloomberg) -- SpaceX’s prized Starlink satellite business is still burning through more cash than it brings in. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets WrapPeople familiar with the finances of one of the world’s most valu

Starlink, which provides space-based internet service to more than 2.6 million customers, often strips out the hefty cost of sending its satellites into space to make the non-public numbers look better to investors, these people said, asking not to be identified discussing private information. They describe the companys accounting as “more of an art than a science” and say its not actually profitable based on an operational and ongoing basis.

Recent high-profile layoffs are only a short-term setback for a space industry on track for more unprecedented growth in workforce and revenues, according to panelists joining the Space Foundation’s quarterly investment discussion April 8.

Space Force chief: U.S. intelligence is top-notch, but more insights needed on space domain

The Houston-based company has pulled off the first successful commercial landing on the lunar surface. It's America's first soft landing in decades.