SpaceX filed paperwork to go public, presenting a mission to build systems for making life multiplanetary, understanding the universe, and extending consciousness to the stars. The company reported $18.7 billion in 2025 revenue, a 33% increase, while losing $4.9 billion that year and $4.3 billion in the first three months of 2026. The losses were attributed to spending on AI. Starlink generated nearly 70% of revenue, bringing in $3.26 billion in the first quarter. SpaceX projected future revenue of $28.5 trillion, citing a large total addressable market that includes AI, space-enabled solutions, and Starlink satellites. The filing also described governance control, financial impacts of rebranding Twitter to X, and liabilities related to Grok.
"SpaceX lost billions last year SpaceX's revenue was a whopping $18.7 billion in 2025, a 33 percent increase from the year prior. At the same time, it lost $4.9 billion last year - and lost $4.3 billion in the first three months of 2026 alone. The company attributed the losses to spending on AI."
"Of the money SpaceX has made, the majority has come from Starlink, which accounts for nearly 70 percent of the company's revenue and brought in $3.26 billion in the first quarter of this year."
"Sure, SpaceX may be losing a lot of money now, but it doesn't expect to lose money forever. According to the filing, the company thinks it could pull in $28.5 trillion - yes, you read that right - in the future, thanks to "the largest actionable total addressable market in human history." That market, per the company, includes $26.5 trillion from AI, $370 billion in "space-enabled solutions," and $740 billion from Starlink satellites."
"The prospectus also tells would-be shareholders how big the company expects to grow - and what people can expect regarding the fate of humanity should investors fail to pony up. Spoiler alert: It's a mass-extinction event."
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