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SpaceX Opens Its Books Ahead of IPO, Revealing a Larger Company and a Costlier AI Bet
SpaceX’s public filing ahead of a planned IPO shows surging revenue, a swing to loss in 2025, and a company positioning AI as a market potentially far larger than launch or satellite internet.
Key Takeaways
- SpaceX reported $18.67 billion in 2025 revenue, up from $14.02 billion in 2024.
- The company posted a $4.94 billion loss in 2025, largely due to AI spending.
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DT Editorial Team··via arstechnica.com