SpaceX Financials Revealed Ahead of Potential IPO

SpaceX, the aerospace company led by Elon Musk, has disclosed its financial performance for the first time. The revelation comes as SpaceX prepares to enter the public market in what could be one of the largest initial public offerings (IPO) to date.

According to the company’s recent filing, SpaceX’s revenue surged to $18.7 billion in 2025, marking a 33% increase from the previous year. The first quarter of the current year showed continued growth, with revenue climbing to $4.7 billion, up from $4.1 billion during the same period last year.

Despite the impressive revenue figures, SpaceX faced significant losses last year. The company reported a loss of over $4.9 billion in 2025, a stark contrast to the $791 million profit it made in 2024. This downturn is attributed to rising capital expenditures, which nearly doubled to $20.7 billion. A major portion of this spending went towards developing artificial intelligence capabilities.

In the first quarter of this year, SpaceX’s financial losses continued, with a reported loss of $4.3 billion, nearly matching the total losses of 2025.

SpaceX is looking to value itself at a remarkable $1.25 trillion. The upcoming IPO could raise between $50 billion and $75 billion. If successful, SpaceX’s move to public trading could lead the way for other large-scale offerings. Companies such as Anthropic and OpenAI are also preparing for potential IPOs. Last week’s successful trading debut of Cerebras, an AI chip maker, could signal the beginning of a wave of technology company offerings.