I am glad our views are getting closer. In another thread I claimed that SpaceX survives on government contracts and the other poster (Santa I think) had a hard time believing it.
Well, US government orders are 38% of SpaceX all orders and it seems to me they are hugely overpaying:
"The contract would be extended to “a total of 31 missions...worth $5.9 billion, or an
average cost of $191.3 million per mission” (IG report, emphasis added). SpaceX has launched the 15th supply mission in June 2018, While Orbital ATK launched the ninth in May 2018; leaving 7 more supply missions under the extended 2008 contract.
The cost per launch for the Falcon 9 is
advertised as $62 million and yet NASA pays $191 million, does the Dragon costs $130 million or does the Cygnus mission cost several hundred millions skewing the average, or maybe SpaceX is selling cheap commercial launches because the average cost in the report includes the development money while the $61 million is the cost of manufacturing and launching only?"
So if they are profitable, that is because they are still sucking on Uncle Sam's huge tits...