Both companies make very expensive products that are engineering miracles but cost too much in economic terms.
If Boeing goes into another line of business it is a loser.
SpaceX knows this as well. The thing that is making SpaceX money is Starlink. Can Boeing place their version of Starlink in orbit? Possibly but then neither will be all that profitable.
Space is not a profit center. The air is not a profit center. These are cost centers.
Communications is a profit center.
SpaceX’s revenue breakdown for recent years, based on available estimates from various sources, can be summarized as follows:
2024 Revenue Estimates:
Total Revenue: Approximately $13.1 billion.
Launch Revenue: Estimated at $4.2 billion. This includes revenue from both Falcon 9 and Falcon Heavy launches, covering commercial, governmental, and crewed missions.
Starlink Revenue: Projected at $8.2 billion, showcasing significant growth from subscription services, hardware sales, and related offerings like Starlink for maritime, aviation, and roam users.
Other Revenue: Approximately $720 million, which might include various other services or contracts not explicitly categorized under launch or Starlink.
SpaceX carried 81% of the payload to orbit. China carried 12%.