SpaceX released its first detailed financial filing with the SEC ahead of an anticipated initial public offering, revealing 2025 revenues of $18.67 billion but a $4.94 billion loss driven by AI development spending. The company projects a $28.5 trillion total addressable market, with $26.5 trillion potentially coming from AI services deployed via orbital satellites.
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SpaceX released its first detailed financial filing with the SEC ahead of an anticipated initial public offering, revealing 2025 revenues of $18.67 billion but a $4.94 billion loss driven by AI development spending. The company projects a $28.5 trillion total addressable market, with $26.5 trillion potentially coming from AI services deployed via orbital satellites.