SpaceX and L3Harris Team Up to Build Satellites for the Space Force
Five years ago, Elon Musk had a dream.
Rather than just build space rockets to carry other companies' satellites into orbit -- leaving SpaceX's business dependent upon the demand of third parties -- SpaceX would also build its own satellites, for its own purposes, and become its own best customer.
Even better, the satellites would be communications satellites, and SpaceX could use them to sell broadband Internet service from space, creating an entirely new revenue stream. With this revenue in hand, SpaceX would become profitable and get a new Starlink subsidiary that it could IPO.
Source Fool.com