Jan 14, 2017 09:06 AM EST By DonDon Navidad, UniversityHerald Reporter

The aerospace company SpaceX has kept its finances largely covered up from public view since the company's founding nearly 15 years ago. But now, a financial documents of the privately held company was obtained and provide a revealing look at the company's struggles and successes.

The report, which reviewed finances for SpaceX from 2011 through 2015, shows the aerospace company made a modest profit until its catastrophic accident in 2015. Wherein the Falcon 9 rocket carrying supplies exploded during its ascent to orbit.

Despite SpaceX's revenues of nearly $1 billion in 2015, the privately held company lost $260 million. Financial results for 2016, when the company lost another rocket on the launch pad during a static fire test, were kept secret, but are likely to be similarly grim, The Wall Street Journal reported.

Nevertheless, SpaceX Chief Financial Officer Bret Johnson stated that they have more than 70 future launches on their manifest representing over $10 billion in contracts. The SpaceX aerospace company is in a financially strong position for future growth. Johnson also said that the company has over $1 billion in cash and no debt.

In spite of that, the documents acquired from SpaceX also give more insight into the company's huge plans for a satellite internet business, wherein SpaceX projects will bring in more than $30 billion in revenue, as well as over 40 million subscribers by 2025. Although these projections seem optimistic, as Comcast made only $12 billion in 2015 due to its high-speed internet service.

The goal for SpaceX's satellite project is to launch 4,000 communications satellites for global internet access. SpaceX projections claimed that the revenue from this business should overtake the company's core launch division by 2020, according to The Verge.

That being the case, SpaceX is set to launch another rocket on Saturday. The launch will be the aerospace company's first launch since the Falcon rocket explosion, CNBC reported.

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