SpaceX has outlined plans for a potential record-breaking initial public offering, according to a new US Securities and Exchange Commission filing released Wednesday, which for the first time discloses detailed financial information about the company.
SpaceX reported $18.7 billion in revenue in 2025 but posted a $2.6 billion operating loss due to heavy investment in next-generation rockets and artificial intelligence systems.
Its Starlink satellite internet division was the main revenue source, generating $11.4 billion and producing strong operating income growth. The filing also highlighted major spending in AI-related infrastructure, including large capital expenditures and multi-billion-dollar losses tied to expansion efforts.
The document confirms plans that could eventually lead to a public listing targeting up to $75 billion in fundraising, with a dual-class share structure that would leave Elon Musk in control of voting power even after listing.
SpaceX also outlined long-term ambitions to expand into space-based AI computing, including orbital data centers and large-scale satellite deployment, aiming for deployment as early as 2028.
Credit : CGTN
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