This is hilarious about #SpaceX: "...also told investors it expects to generate about $3 billion in operating profit this year, by a measure that excludes expenses tied to building rockets and satellites."

Ummmm... that's not profit. That's just a made-up accounting trick to try and make things sound better than they are. Since you're a rocket-building company, your rocket-building expenses are a part of your P&L.

@docjohng

Hmmm. I'm suspicious of this article, as at least the part I could read was vague on details like direct quotes from spokespeople or details on the accounting.

Missing details like that are a warning sign that the reporter might simply be misunderstanding or otherwise not accurately capturing the situation.

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