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SpaceX Financials

SpaceX went public on Nasdaq under SPCX on June 12, 2026 in the largest IPO in history — priced at $135 and closing its first day at $160.95 (+19%), above a $2 trillion valuation. A live SPCX quote and chart, the consolidated financials, the three-segment FY2025 revenue split, the valuation arc, Falcon launch cadence, the Starlink ramp, federal contracts, Starship, and the February 2026 xAI acquisition follow — every figure cited to a primary source.

FY2025 revenue (S-1)

$18.7B

Up 33% from $14.1B in FY2024. Consolidated FY2025 net loss of $4.94B, driven by the absorbed xAI AI division; adjusted EBITDA ~$6.6B.

Starlink / connectivity FY2025

$11.39B

61% of total sales and the only profitable segment at $4.42B operating income; rose to 69% of revenue in Q1 2026.

Market cap (first-day close)

>$2T

Priced at $135/share (~$1.77T) on ~555.6M shares for a ~$75B raise; closed June 12 at $160.95 (+19%), lifting market cap above $2 trillion. Live quote in the hero.

Starlink subscribers

12M

SpaceX confirmed 12 million active customers across 160+ countries on June 4, 2026, up from 10.3M in March 2026 (S-1) and 8.9M at year-end 2025.

Stock price (SPCX)

Live current price plus the post-IPO history. SpaceX debuted on Nasdaq on June 12, 2026 at a $135 IPO price and closed its first day at $160.95 (+19%), so the chart shows the entire trading history of the stock so far. Updates during US market hours (9:30 a.m. – 4:00 p.m. Eastern, Monday – Friday) via TradingView's embed widget.

Chart data and current quote: TradingView. Mungomash does not redistribute this data; the widget is loaded directly into your browser from TradingView's CDN.

Consolidated financials

Consolidated revenue and net income (loss). SpaceX began trading on Nasdaq on June 12, 2026 but has not yet filed a 10-K or 10-Q as a public registrant, so SEC EDGAR XBRL carries no financial statements yet — only the S-1’s filing-fee data. The figures below are therefore from the S-1 prospectus, which remains the freshest disclosed consolidated picture. This section is wired to the live EDGAR feed and switches to it automatically the moment SpaceX’s first periodic report is XBRL-tagged.

Metric FY2024FY2025
Revenue$14.10B$18.70B
Net income (loss)$791M-$4.94B

Source: S-1 (accession 0001628280-26-036936, filed 2026-05-20). Auto-supersedes with live SEC EDGAR XBRL once SpaceX’s first 10-Q/10-K is filed.

Earnings Reaction History

SpaceX has not yet reported earnings as a public company — it began trading on June 12, 2026. This table will populate beginning with SpaceX's first quarterly print, summarizing each one as a single row (consensus vs. actual revenue and EPS, the 30-day run-up, and the 1-day and 5-day post-print stock moves).
Now trading first traded 2026-06-12

SpaceX is public — Nasdaq: SPCX, first traded June 12, 2026

SpaceX completed the largest IPO in history. It filed its S-1 prospectus on May 20, 2026 (SEC accession 0001628280-26-036936, CIK 1181412, "Space Exploration Technologies Corp."), broke with convention by skipping a price range for a fixed $135.00 per share (~$1.77 trillion), and began trading June 12 on Nasdaq under SPCX — opening at $150, trading as high as $176.52, and closing its first day at $160.95 (+19%), which lifted its market cap above $2 trillion. It raised gross proceeds of just under $75 billion selling 555,555,555 shares — per the final prospectus (424B4, June 12, 2026) — with up to ~30% of the offering earmarked for retail (versus the usual 5–10%) through Charles Schwab, Fidelity, Robinhood, SoFi, and Morgan Stanley's E-Trade. On June 27, 2026 Nasdaq announced SPCX would join the Nasdaq-100 index effective at the open on July 7, 2026 — 15 trading days after listing, the fastest addition in the benchmark's history, under Nasdaq's new fast-track rule for large IPOs.

What the S-1 discloses. FY2025 revenue of $18.7 billion (up 33%), a consolidated $4.94 billion net loss (versus a $791 million profit in FY2024) driven by the xAI AI division absorbed in the February 2026 merger, and a three-segment split in which Starlink / connectivity ($11.39 billion, 61% of sales) is the only profitable segment at $4.42 billion operating income. Governance is a dual-class, "controlled company" structure: Musk controls the outcome of shareholder votes through Class B super-voting stock. The filing runs 38 pages of risk factors, headlined by Musk himself — the S-1 states the company is "highly dependent" on him while noting he "does not devote his full time and attention" to SpaceX (he also runs Tesla, Neuralink, and The Boring Company) — alongside federal-contract concentration, the Starlink capex-versus-revenue balance, Starship development risk (the program's failures are described in the language of "rapid unscheduled disassembly"), and ~$530 million of disclosed legal exposure.

What this page shows now that SPCX trades. This is the public-company view: a live SPCX quote and chart above, the consolidated financials (the S-1 figures until SpaceX's first 10-Q is XBRL-tagged on SEC EDGAR, then live), and an Earnings Reaction History table that will populate with the first quarterly print. The S-1 prospectus remains the load-bearing primary source for the segment financials, the Starlink ramp, the risk factors, and the dual-class governance detailed below. Sources: CNBC, Jun 12, 2026 (first-day close) · CNBC, Jun 9, 2026 · CNBC, Jun 26, 2026 (Nasdaq-100) · Fortune, May 22, 2026 · Moneywise (risk factors).

The xAI acquisition — February 2026

On February 2–3, 2026 SpaceX acquired xAI (Grok + the X platform) in an all-stock transaction — each xAI share converting at a 0.1433 ratio into SpaceX equity — valuing SpaceX at $1 trillion and xAI at $250 billion for a combined $1.25 trillion entity, reported at the time as the largest private merger ever. SpaceX was the acquirer; xAI became a SpaceX subsidiary, and in May 2026 Musk announced xAI would cease to exist as a separate company, with Grok and X folded in as SpaceX's AI division. The stated rationale is vertical: orbital, solar-powered data centers that pair SpaceX launch and Starlink connectivity with xAI compute, with xAI supplying captive first-customer demand.

What this means for the numbers on this page.

The S-1's consolidated FY2025 figures fold in the AI division, which is why a company whose launch and connectivity businesses were profitable on a standalone basis reports a $4.94 billion consolidated net loss — the AI segment alone carried a ~$6.4 billion operating loss on ~$3.2 billion of revenue. Where the page distinguishes the segments, it does so explicitly: Starlink / connectivity is the profit engine, the launch business runs a deliberate operating loss while it funds Starship R&D, and the AI division is the new, deeply loss-making third leg. The xAI-side mechanics — the funding-round arc that preceded the merger, the Memphis Colossus capex, and the leadership reshuffle — are covered in detail on the sibling xAI Financials page.

Funding rounds, tender offers & the IPO

Newest event first. SpaceX's valuation has been reset less by priced primary rounds than by recurring secondary-market tender offers — employee and early-investor share sales that re-mark the company every six to twelve months. Each row's Confirmed / Reported pill reflects whether the figures come from a primary source (the S-1, a company announcement, an 8-K) or from contemporaneous reporting only. Click a row for detail. The February 2026 xAI merger and the June 2026 IPO are share-conversion / offering events rather than fund-raising rounds, but the implied valuation at each is itself a load-bearing datum and is plotted on the arc below. The June 2026 inaugural bond is a debt event — it raises cash without re-marking equity, so it carries no valuation point on the arc.

Inaugural bond issuance $25B senior unsecured notes (five tranches, 5.35–6.65%) Confirmed

Less than two weeks after the IPO, SpaceX priced its first-ever bond offering on June 23 and closed it June 26, 2026: $25 billion of senior unsecured notes across five tranches — $7.0B at 5.350% due 2031, $6.0B at 5.650% due 2033, $6.0B at 5.875% due 2036, $2.5B at 6.600% due 2046, and $3.5B at 6.650% due 2056. The deal was upsized from a ~$20 billion target on roughly $89 billion of orders. Proceeds repay SpaceX's bridge-loan facility in full, with the remainder for general corporate purposes. In the offering disclosure SpaceX said it held ~$100.8 billion of cash and cash equivalents as of June 19, 2026. This is a debt raise, not an equity re-mark, so it adds no point to the valuation arc.

Sources: 8-K (pricing), Jun 23, 2026 · 8-K (closing), Jun 26, 2026 · CNBC, Jun 23, 2026.

IPO (priced & traded) $135 IPO price · closed $160.95 (+19%) · ~$75B raise Confirmed

SpaceX priced its IPO at a fixed $135.00 per share after the close on June 11 and began trading June 12 on Nasdaq under SPCX. The final prospectus (424B4) fixes the terms: 555,555,555 Class A shares at $135.00 for gross proceeds just under $75 billion at a ~$1.77 trillion offering valuation (up to ~30% earmarked for retail), plus a 30-day underwriters' option for up to 83,333,333 additional shares. The stock opened at $150, traded as high as $176.52, and closed its first day at $160.95 (+19%) — lifting SpaceX's market cap above $2 trillion and making this the largest IPO in history. On June 27 Nasdaq announced SPCX would join the Nasdaq-100 effective July 7, 2026 — the fastest index inclusion in the benchmark's history, 15 trading days after listing. Now Confirmed: the pricing and first-trade results are settled facts; the live SPCX quote and chart sit at the top of the page.

Sources: 424B4 (final prospectus), Jun 12, 2026 · S-1 · CNBC, Jun 12, 2026 (first-day close) · CNBC, Jun 26, 2026 (Nasdaq-100).

xAI merger mark SpaceX valued at $1T (xAI $250B; $1.25T combined) Confirmed

The all-stock acquisition of xAI marked SpaceX at $1 trillion. This is a share-conversion mark, not a cash raise; it is the most recent pre-IPO valuation datum and sits on the arc as an amber-ringed event point. See the merger callout above.

Source: CNBC, Feb 3, 2026.

Tender offer ~$800B insider share sale (~$421/share) Reported

A December 2025 insider share sale was reported at roughly a $800 billion valuation (~$421/share pre-split), roughly doubling the mid-2025 mark in six months. Per-share figures across the tender history are not directly comparable to the $135 IPO price because of share-structure changes around the merger and the offering; the page therefore plots the arc by valuation, not per-share.

Source: Sacra valuation history.

Tender offer ~$400B (~$212/share) Reported

A mid-2025 tender was reported near a $400 billion valuation, shares around $212, as part of a ~$1 billion transaction.

Source: Sacra valuation history.

Tender offer ~$350B (~$185/share) Reported

A December 2024 tender priced shares at ~$185, lifting the valuation to about $350 billion — a jump of more than two-thirds in half a year.

Source: Sacra valuation history.

Tender offer ~$210B Reported

Secondary sales through the first half of 2024 marked SpaceX around a $210 billion valuation.

Source: Sacra valuation history.

Tender offer ~$180B Reported

A year-end 2023 employee-and-investor tender valued SpaceX at about $180 billion — the starting point for the steep 2024–2026 re-rating that culminates in the IPO.

Source: Sacra valuation history.

Equity round $1.16B at $74B (Sequoia, Coatue, Valor, Fidelity) Confirmed

In February 2021 SpaceX raised $1.16 billion at a $74 billion post-money valuation, with Sequoia Capital, Valor Equity Partners, Coatue, and Fidelity among the named participants — the round that funded the early Starlink and Starship ramp.

Source: SpaceX funding-round history.

Google + Fidelity $1B at ~$12B (~10% stake) Confirmed

In January 2015 Google and Fidelity led a $1 billion round for roughly a 10% stake, valuing SpaceX at about $12 billion — the capital that seeded the Starlink broadband program. Valor Equity Partners, Founders Fund, Capricorn, and DFJ Growth also participated.

Source: SpaceX funding-round history.

Founding & survival Musk ~$100M seed; 2008 NASA CRS $1.6B award Confirmed

Musk incorporated Space Exploration Technologies Corp. on March 14, 2002 and seeded it with roughly $100 million of his own capital. Founders Fund made an early ~$20 million investment in 2008. The company's survival moment came in December 2008, when — days after the first successful Falcon 1 orbital flight — NASA awarded SpaceX a $1.6 billion Commercial Resupply Services contract for cargo flights to the ISS.

Source: SpaceX funding history · spacex.com.

Valuation arc

Valuation per event on a logarithmic scale, from the $12 billion 2015 Google / Fidelity mark to the ~$1.77 trillion IPO offering valuation — after which the stock closed its first trading day above $2 trillion — roughly a 150× re-rating over eleven years, most of it in the 2023–2026 window. Confirmed marks (the 2015 and 2021 rounds, the February 2026 merger, the IPO offering) are drawn filled; reporter-only tender marks are drawn hollow. The merger and IPO carry an amber ring to flag them as share-conversion / offering events rather than fresh-capital rounds.

$10B $30B $100B $300B $1T $2T $12B $74B $180B $350B $400B $800B $1T merger $1.77T IPO Jan '15 Feb '21 Dec '23 Dec '24 Jul '25 Dec '25 Feb '26 Jun '26 Valuation (log)
Filled: company / filing-confirmed mark
Hollow: reporter-only tender mark
Amber ring: merger / IPO event

The three revenue streams — FY2025

The S-1 splits SpaceX's $18.7 billion of FY2025 revenue across three structurally distinct segments with very different unit economics. Connectivity (Starlink) is the profit engine; the launch business runs a deliberate operating loss while it funds Starship; and the AI division (xAI, absorbed February 2026) is the new, deeply loss-making third leg. Figures below are S-1-grade Confirmed. A filing-grade segment split for FY2024 and earlier is not broken out at this granularity in the same comparable form, so the page anchors the breakdown on FY2025 (FY2024 total revenue was $14.1 billion).

FY2025 revenue by segment — $18.7B total

Connectivity / Starlink — 61% Space / launch — ~22% AI division (xAI) — ~17%

Connectivity / Starlink

$11.39B

Operating income +$4.42B; adjusted EBITDA ~$7.17B. The only profitable segment. Rose to 69% of revenue in Q1 2026.

Confirmed · S-1

Space / launch

~$4.1B

Operating loss of −$657M — a deliberate one, as launch margins fund Starship development. About one-fifth of total FY2025 revenue came from U.S. federal agencies.

Confirmed · S-1

AI division (xAI)

~$3.2B

Operating loss of −$6.4B — the segment that turns a profitable launch-plus-Starlink core into a consolidated net loss. Absorbed via the February 2026 merger.

Confirmed · S-1

Consolidated FY2025: revenue $18.7B (+33% YoY), net loss $4.94B (vs a $791M profit in FY2024), adjusted EBITDA ~$6.6B. Sources: S-1 · CNBC, May 21, 2026 · Morningstar (6 charts on the S-1).

Falcon launch cadence & reuse

Annual Falcon 9 and Falcon Heavy orbital launches, 2010 through 2025. The cadence is the most-watched operational metric outside the financials proper, and it anchors the commercial-launch revenue stream: SpaceX flew the majority of the world's orbital launch mass in recent years. The step-change tracks first-stage reuse — the first booster land-back in December 2015, the first re-flight in March 2017, and a fleet that by 2026 includes boosters with 35+ flights apiece.

50 100 150 2 0 2 3 6 7 8 18 21 13 26 31 61 96 134 165 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 Orbital launches

Reuse milestones. First booster land-back: December 21, 2015. First re-flight of a recovered booster: March 30, 2017. By 2026 the workhorse booster B1067 had flown 35 times, and SpaceX is certifying boosters for up to 40 flights — against the original Block 5 design target of 10. The reuse economics are what let the cadence climb from single digits to 165 orbital flights in 2025 without a proportional cost increase. Counts are aggregated by calendar year and do not include Starship integrated flight tests (covered below). Sources: launch manifest · Space.com, 2025 record · spacex.com/launches.

Federal-contract roster

About one-fifth of FY2025 revenue came from U.S. federal agencies, and the S-1 names federal-contract concentration as a top-tier risk. The major awards below are public-record. Cross-reference the broader picture on Federal Tech Spending.

NASA HLS — Artemis III lander (Appendix H) Apr 2021 $2.89B firm-fixed-price NASA
NASA HLS — Artemis IV option (Option B) Nov 2022 $1.15B (~$4.3B potential total) SpaceNews
NASA Commercial Crew (Crew Dragon) 2014 $2.6B base + task orders NASA
NASA Commercial Resupply (Cargo Dragon) 2008– / CRS-2 Multi-billion, rolling task orders SpaceX
Space Force NSSL Phase 3, Lane 2 2025 ~$714M / 5 launches (FY27+) GovConWire
Space Force SB-AMTI — threat-detection constellation (Starshield) May 2026 $4.16B (constellation by 2028) CNBC
Space Force Space Data Network Backbone (Starshield) May 2026 $2.29B secure military comms network SpaceNews
NRO — classified national-security launches ongoing Undisclosed (proliferated architecture) SpaceX

Contract values are the award amounts as announced; obligations and outlays accrue over each contract's period of performance and are tracked on usaspending.gov under "Space Exploration Technologies Corp." HLS task orders, NSSL Phase 3 assignments, and NRO awards accumulate continuously; the roster is re-verified at each refresh.

Starship — the capex bet

Starship is the largest single capital program in commercial aerospace and the load-bearing piece of SpaceX's forward narrative — the fully-reusable super-heavy vehicle meant to land NASA's Artemis astronauts on the Moon and, eventually, carry the Mars architecture. The launch segment's deliberate operating loss is, in effect, the Starship development bill; the S-1 names Starship development cost among its top risk factors.

Starbase build-out

Development, manufacturing, and launch are concentrated at Starbase (Boca Chica, Texas) — the factory, two orbital launch pads, and the catch-tower infrastructure. Starbase is also SpaceX's corporate headquarters following the 2024 relocation from Hawthorne, California, and was incorporated as a Texas city in 2025.

Integrated flight-test history

Twelve integrated flight tests had flown as of mid-July 2026 (roughly seven successes to five failures across Blocks 1–3). IFT-1 flew April 2023; IFT-11 (October 13, 2025) was the last flight of the V2 vehicle; IFT-12 (May 22, 2026) debuted the larger V3 / Block 3 vehicle and the second Starbase launch pad but suffered an ascent engine-out that cost it the in-space relight, and lost the Super Heavy booster short of its planned Gulf splashdown — a hot-staging sequence error left the booster 90° off-orientation after separation, and five of its 33 engines failed to relight for the boostback burn. The FAA closed its mishap investigation on July 13, 2026, approving SpaceX's corrective actions and clearing the program to fly again. IFT-13 — a second V3 flight on a repeat suborbital profile, flying two new V3 vehicles (Booster 20 and Ship 40) — is scheduled for July 16, 2026 at 6:45 p.m. EDT (a 90-minute window) from Starbase, carrying Starship's first functional payloads: 20 next-generation Starlink V3 satellites, to be deployed for in-space functionality testing and then intentionally reentered on the flight's suborbital trajectory. The program's setbacks are described in the S-1 in the language of "rapid unscheduled disassembly." Verify the current flight count and milestone state at each refresh against the SpaceX updates feed.

Artemis HLS tie-in

The Starship Human Landing System is the crewed lunar lander for Artemis III and (under Option B) Artemis IV — a ~$4.3 billion potential NASA commitment that links this section to the federal-contract roster above. Sources: spacex.com/updates · Starship flight-test list.

Acquisitions

SpaceX historically built in-house rather than acquiring, but its M&A posture changed sharply in 2026: the February xAI merger created an AI division, and in June — days after the IPO — SpaceX agreed to its largest-ever cash-equivalent acquisition, the $60 billion all-stock purchase of Cursor-maker Anysphere.

Anysphere (Cursor) — $60 billion all-stock, June 2026

On June 16, 2026 — four days after the IPO — SpaceX agreed to acquire Anysphere, the maker of the AI code editor Cursor, for $60 billion in all-stock, widely described as the largest acquisition of a venture-backed startup ever. SpaceX had secured a $60 billion option agreement on April 21, 2026 (with a ~$10 billion combined break-up / deferred-services fee to walk away). Anysphere shareholders receive SpaceX Class A shares priced on the seven-day VWAP before close; the deal is expected to close in Q3 2026, subject to regulatory approval, and folds Cursor — reported at ~$2 billion+ ARR — into the xAI / Grok AI division as its developer-tools arm. The merger agreement is now filing-grade: SpaceX's 8-K of June 16, 2026 confirms the $60.0 billion implied equity value, the seven-day-VWAP share pricing, and the Q3 2026 expected close. Confirmed (8-K + company announcement) · Sources: 8-K, Jun 16, 2026 · Reuters / Yahoo Finance, Jun 2026.

xAI — all-stock acquisition, February 2026

SpaceX acquired xAI (Grok + X) at a $250 billion mark against SpaceX's $1 trillion, combined $1.25 trillion — reported as the largest private merger ever. xAI now operates as SpaceX's AI division. See callout above · full detail on xAI Financials.

Swarm Technologies — 2021

SpaceX acquired Swarm Technologies in 2021 for its low-cost IoT satellite constellation, spectrum rights, and engineering team — folded into the broader Starlink / connectivity effort. The only notable pre-xAI acquisition.

Beyond these, no other material SpaceX acquisitions have been publicly announced. The recurring refresh task picks up any future M&A.

Named investors & ownership

The named-investor roster below is drawn from funding-round announcements and tender-offer reporting. Post-IPO, the S-1's beneficial-ownership disclosure becomes the filing-grade source for Musk's stake and the 5%+ holder cohort.

Control & governance

SpaceX is a dual-class, "controlled company" under Nasdaq rules: Elon Musk controls the outcome of shareholder votes (including a majority of the board) through Class B super-voting stock for as long as he holds a majority of its voting power. The final prospectus (424B4) puts Musk's voting power at ~82.4% immediately after the offering (~81.1 points of it through Class B stock). Commentators have described the structure as among the least shareholder-friendly of any large IPO. On June 16, 2026 the board elected its first post-IPO independent director — Roelof Botha of Sequoia Capital — who also joined the audit committee (8-K, Jun 17, 2026). Confirmed · S-1 / 424B4 / 8-K.

Venture & growth investors

Founders Fund (early, 2008), Google and Fidelity (2015 round), Sequoia Capital, Valor Equity Partners, Coatue, a16z (Andreessen Horowitz), Capricorn, DFJ Growth, and Gigafund are among the named participants across rounds and tenders. Saudi and Gulf sovereign-linked vehicles have reportedly participated in tender offers. Reported for the tender-participant cohort.

Per-class share counts and exact beneficial-ownership percentages beyond what the S-1 discloses are out of scope; the page does not speculate. Source: Fortune, May 22, 2026 · funding-round history.

Read these primary sources

With the S-1 on file, SpaceX now has a filing-grade primary source for its financials for the first time. The links below are the load-bearing originals — the S-1 prospectus and EDGAR filer index, SpaceX's own launch / updates / mission surfaces, the FCC and federal-contract feeds, and the contemporaneous reporting on the IPO and the xAI merger.

SEC EDGAR — the S-1 prospectus and filer index

The load-bearing primary source. The S-1 (accession 0001628280-26-036936, filed May 20, 2026) carries the FY2025 three-segment split, the connectivity operating-income line, the subscriber ramp, the risk-factor roster, the dual-class governance, and the offering terms. Now that SPCX trades, the XBRL companyfacts endpoint is the live-fetch source for the consolidated financials — it currently carries only the S-1's filing-fee data and begins carrying the income statement the moment SpaceX files its first 10-Q.

# S-1 prospectus (May 20, 2026)
https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm

# Final prospectus — 424B4 (June 12, 2026): the priced offering terms
https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm

# Filer index — Space Exploration Technologies Corp., CIK 1181412
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001181412

# Post-IPO XBRL company-facts (live-fetch once SPCX reports)
https://data.sec.gov/api/xbrl/companyfacts/CIK0001181412.json

SpaceX's own surfaces — launches, updates, mission

The primary source for launch cadence and outcomes, Starship flight-test milestones, and program updates. Counts on this page are reconciled against these surfaces rather than from memory.

https://www.spacex.com/launches/
https://www.spacex.com/updates
https://www.spacex.com/mission/

The IPO and the xAI merger — contemporaneous reporting

The roadshow $135 price, the ~30% retail allocation, the three-segment framing, and the February 2026 merger mechanics are sourced to the wire-service and trade-press posts below.

# IPO pricing & structure
https://www.cnbc.com/2026/06/03/spacex-ipo-stock-price-roadshow-musk.html
https://www.cnbc.com/2026/06/09/spacex-ipo-explained-stock-price-date.html
https://fortune.com/2026/05/22/space-x-stock-ipo-price-elon-musk-shareholders/

# S-1 financials breakdown
https://www.cnbc.com/2026/05/21/spacex-starlink-growth-profit-nasdaq-ipo.html
https://www.morningstar.com/stocks/6-charts-spacexs-s-1-financials

# Feb 2026 xAI acquisition
https://www.cnbc.com/2026/02/03/musk-xai-spacex-biggest-merger-ever.html

Federal contracts, FCC, and valuation history

NASA HLS / Commercial Crew, Space Force NSSL Phase 3, the federal-obligations record on usaspending.gov, the FCC Starlink filings, and the secondary-market valuation history.

# NASA / Space Force contracts
https://www.nasa.gov/humans-in-space/nasa-awards-spacex-second-contract-option-for-artemis-moon-landing/
https://spacenews.com/nasa-awards-spacex-1-15-billion-contract-for-second-artemis-lander-mission/
https://www.govconwire.com/articles/space-force-spacex-ula-nssl-phase-3-lane-2-launches

# Federal obligations + FCC Starlink filings
https://www.usaspending.gov/
https://www.fcc.gov/

# Secondary-market valuation history
https://sacra.com/c/spacex/valuation/

Sibling Mungomash pages

The xAI-side mechanics of the February 2026 merger, the corporate-constellation context on Tesla, and the broader federal-spending picture.

# The acquired AI division — funding arc, Colossus capex, leadership
/orgs/xai/financials/

# Musk-corporate-constellation cross-link
/orgs/tesla/financials/

# Federal contractor / agency spending
/data/federal-tech-spending/

# SpaceX's row on the Orgs index
/orgs/#spacex

Methodology & data sources

Source discipline. Every value-bearing claim is labeled Confirmed (sourced to the S-1 or a company announcement) or Reported (contemporaneous reporting only). With the S-1 on file, the segment financials, the Starlink subscriber ramp, the risk factors, and the governance structure are now filing-grade; the IPO pricing and first-day close are now Confirmed, while the historical tender-offer valuations remain reporter-sourced.

The S-1 is the new primary source. Where the S-1 covers a figure, it supersedes prior reporting and the cell moves toward Confirmed. Pre-filing reporting still anchors the historical valuation arc. Citations are by accession number throughout (0001628280-26-036936, CIK 1181412).

Calendar-year fiscal year. SpaceX's fiscal year is the calendar year; all charts and prose use calendar years.

Segment-split methodology. The three-segment FY2025 breakdown is taken directly from the S-1. A comparable filing-grade split for FY2024 and earlier is not presented at this granularity, so the page anchors the breakdown on FY2025 and notes FY2024 only at the consolidated level ($14.1 billion). The AI division reflects xAI consolidated retrospectively after the February 2026 merger.

Valuation plotted by valuation, not per-share. Per-share tender prices ($185, $212, $421) are not directly comparable to the $135 IPO price because of share-structure changes around the merger and the offering; the arc therefore plots total valuation.

This is the public-company view. SpaceX began trading on Nasdaq under SPCX on June 12, 2026, so the page now carries the public-company recipe: a live TradingView SPCX quote in the hero and an Advanced Chart in the body, a consolidated-financials section wired to SpaceX's SEC EDGAR XBRL company-facts endpoint, and an Earnings Reaction History table that populates with the first quarterly print. Because SpaceX has not yet filed a 10-K or 10-Q as a public registrant, EDGAR carries no us-gaap financial statements yet — only the S-1's filing-fee data — so the consolidated-financials section shows the S-1 figures and switches to the live EDGAR feed automatically the moment the first periodic report is XBRL-tagged.

What's intentionally not here. Peer-comparison valuation multiples against Boeing / Lockheed / Northrop / Rocket Lab. Cap-table specifics beyond the S-1's disclosure. Per-mission launch narratives (the cadence chart aggregates by year). Detailed vehicle specifications. Editorial framing about Musk personally — the page reports facts (rounds, the merger, contract awards, capex programs, launch outcomes) and cites primary sources. Detailed lawsuit / regulatory dockets, surfaced only where they directly affect a financial line.

Refresh cadence. Hand-curated values are re-verified weekly during the IPO-pricing window (the few weeks around the June 2026 pricing and first-trading dates) and monthly thereafter, against the S-1 / EDGAR, spacex.com/launches and /updates, FCC filings, the NASA / Space Force / NRO contract feeds, usaspending.gov, and the most-recent reporting. SpaceX moves fast on launches (weekly), Starlink subscribers (quarterly milestones), federal contracts (rolling), Starship tests (irregular), and — most consequentially right now — IPO timing and pricing.

Cross-references. xAI Financials for the acquired AI division's funding arc and capex. Tesla Financials for the Musk corporate constellation. Federal Tech Spending for the contractor / agency picture. SpaceX's row on the Orgs index for the company profile.

Last updated: 2026-07-16. Status: public — trading on Nasdaq under SPCX since June 12, 2026 (IPO priced $135, closed first day $160.95, +19%; joined the Nasdaq-100 on July 7, 2026). Primary-source anchors: the S-1, the 424B4 final prospectus, and the live EDGAR XBRL company-facts endpoint.