SpaceX shared a video in which founder Elon Musk gave a timeline for the company's Starship to reach Mars in the years ahead.

Here are the key takeaways from Musk’s latest Mars update:

Elon Musk's SpaceX will record revenue of about $15.5 billion this year, the billionaire said on Tuesday, underscoring the rocket maker's growing dominance in the commercial space sector. The company's commercial revenue from space will exceed NASA's budget of roughly $1.