SpaceX has filed its first detailed financial disclosure ahead of a planned June IPO, revealing $18.67 billion in 2025 revenue but a $4.94 billion loss due to AI investments. The company projects a massive $28.5 trillion total addressable market, with AI representing the vast majority at $26.5 trillion. This marks a significant shift for the famously secretive company as it prepares to go public.
Background
SpaceX, founded by Elon Musk in 2002, has been a private company known for its secrecy around financial matters while revolutionizing space launch capabilities and developing the Starlink satellite internet constellation.
- Source
- Ars Technica
- Published
- May 21, 2026 at 07:02 AM
- Score
- 8.0 / 10