Last week, Elon Musk started receiving massive backlash after he showed support for an antisemitic conspiracy theory post on X.
The company reportedly plans to operate on 11 people in 2024 and over 22,000 by 2030.
Insiders say SpaceX is expected to generate around US$9 billion in revenue this year, covering both its rocket launch and Starlink businesses.
This came after X failed to cooperate with an investigation into anti-child abuse practices.
X has been hit with a bill of US$1.1 million in legal fees.
Meta’s social network Threads is a direct competitor to X, formerly known as Twitter.
Around 2020, China started working on the "Guowang" megaconstellation project, which aims to counter SpaceX's Starlink.