After years of operating in relative darkness for a company of its size and ambitions, Elon Musk’s SpaceX finally pulled back the curtain on Wednesday when it filed to go public. In a sweeping prospectus laying out a mission “to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars,” SpaceX also revealed exactly how much money it makes (and how much it loses), the vicelike grip Musk holds on the business, why changing Twitter’s name to X was financially nuts, who else owns a serious chunk of super-voting shares, and the “spicy” liability posed by Grok. 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.
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.
