The space industry and public got the first real look into SpaceX’s financials on Wednesday as the company published initial documents ahead of a planned initial public offering (IPO). SpaceX published its S-1 with the Securities and Exchange Commission (SEC) on May 20, a prospectus to inform investors about the company’s business ahead of an IPO. The company reported $18.7 billion in revenue in 2025, with Starlink serving as the largest driver of revenue. Despite the high revenue, SpaceX still…
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