Three weeks after the September accident, SpaceX removed the phrase from its website, suggesting both profit and cash flow had moved into the red for 2016. Senior SpaceX officials haven’t made public statements about the company’s profitability.
Rival OneWeb Ltd., of Arlington, Va., is ahead on its plan to provide internet service from more than 640 satellites. OneWeb, which has priority rights internationally to radio frequencies needed to deliver internet signals, last month raised $1 billion from Japan’s SoftBank Group and is already lining up suppliers and building a factory in Florida to make its satellites.