Thursday, May 21, 2026

SpaceX reveals financials: losses continue, but company bets on disruptive businesses

The company whose principal shareholder is Elon Musk reported revenue of US$18.7 billion in 2025, but its losses reached US$4.9 billion. Looking ahead, it is targeting the lunar economy and orbital computing.

SpaceX published its S-1 filing, laying the groundwork for what could become the largest initial public offering in venture capital history. The company outlined multiple growth strategies across its business lines, including the lunar economy, manufacturing and energy production on the Moon, the development of Starlink Mobile, the monetization of consumer AI platforms, and large-scale deployment of orbital AI computing. It also identified future markets such as space tourism, in-orbit manufacturing, and asteroid mining.

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