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SpaceX disclosed in its IPO filing that Tesla $TSLA +0.31% has sold approximately $890 million worth of vehicles and batteries to SpaceX and its subsidiary xAI since 2023, revealing the scale of commercial dealings between two companies controlled by Elon Musk.
The transactions span two product categories. SpaceX obtained $131 million in Cybertrucks at manufacturer's suggested retail price from Tesla during 2025, the filing states. Megapack energy-storage battery sales to xAI — which SpaceX absorbed through its February acquisition — accounted for the largest share of the total, with $191 million recorded in 2024 and $506 million in 2025, Bloomberg Law reported. An additional $11 million in goods and services flowed from Tesla to SpaceX under separate commercial agreements in 2023, with $4 million more in 2024 and $144 million in 2025, the filing shows.
The IPO filing describes the Tesla transactions as conducted "on terms no less favorable to SpaceX than those generally available to unaffiliated third parties under similar circumstances." Tesla holds 18,990,195 shares of SpaceX Class A common stock following the xAI merger, representing an ownership interest of less than 1% of the total outstanding shares, the filing states.
