🚀 SpaceX just pulled back the curtain ahead of its IPO and the numbers are wild.
The company quietly revealed new financial data, massive losses, and a corporate structure designed to keep Elon Musk firmly in control even after going public.
According to filings submitted to the U.S. Securities and Exchange Commission, SpaceX generated $18.7 billion in revenue in 2025, a 33% jump year-over-year.
But despite the explosive growth, the company posted a staggering $4.9 billion net loss, compared to a $791 million profit in 2024 and the burn hasn’t slowed down. In the first quarter of 2026 alone
The company quietly revealed new financial data, massive losses, and a corporate structure designed to keep Elon Musk firmly in control even after going public.
According to filings submitted to the U.S. Securities and Exchange Commission, SpaceX generated $18.7 billion in revenue in 2025, a 33% jump year-over-year.
But despite the explosive growth, the company posted a staggering $4.9 billion net loss, compared to a $791 million profit in 2024 and the burn hasn’t slowed down. In the first quarter of 2026 alone
