alt Hacker NewsSpaceX is making that majority (70%) of its revenue, and all of its profits from Starlink, and mostly from subscriptions.
98% of government money SpaceX receives is payment for services rendered, which they provide at a significantly lower cost than their competitors.
On the other hand, their competitors are routinely receiving actual handouts. For example, ULA used to receive a $1 billion annual "Launch Capability" stipend essentially just to keep their lights.
I'm not saying he's not providing services. Tesla shipped cars and chargers for its govt money too. But I'm also saying they wouldn't have been in business without it. Elon is one of the great scam artists of our age, and a huge part of that is reliant on the taxpayer (when not reliant on SV investors and feeble-brained stock market)