SpaceX, the pioneer of space transportation, has officially started the public offering process. In its latest filing with the U.S. Securities and Exchange Commission (SEC), the company announced that it aims to be traded on Nasdaq under the ticker symbol “SPCX.” This step could make SpaceX, under the management of Elon Musk, the two largest public companies on the stock market, along with Tesla.
First official application and partnership structure
SpaceX filed its IPO documents confidentially for the first time in April. The latest public filing gave investors a detailed look at the company’s financial results and management structure. The documents stated that Elon Musk owns 85% of the company’s voting power and holds approximately 849.5 million type A and 5.57 billion type B shares. On the other hand, no person or institution other than Musk directly owns more than 5% of the shares.
Balance of growth and loss in financial data
SpaceX’s total revenue for 2025 was announced as 18.67 billion dollars. This figure reflects a 33% increase compared to the previous year. In the last quarter, a growth of 15% was achieved with a revenue of 4.07 billion dollars. During the same period, the company’s revenue was reported as $4.69 billion. Despite all this growth, it was stated that there was a loss of 4.28 billion dollars in the last quarter and 4.94 billion dollars in the whole of 2025. In order to continue its rapid growth, the company allocates high amounts to investments in rockets, satellites, computing capacity and artificial intelligence.
In the SpaceX document, it was clearly stated that there are 18,712 Bitcoins among the crypto assets and their total value exceeds 1.4 billion dollars.
Mini dictionary: Anthropic, an artificial intelligence (AI)-based model and software developer, is known for its large language models and secure AI solutions. The voluminous agreements with SpaceX and the Colossus 1 facility also offer advanced computing infrastructure.
Artificial intelligence investments and agreement with Anthropic
Another important title in the company file was the computing capacity agreement between SpaceX and Anthropic. Under the agreement, 300 megawatts of computing power at the Colossus 1 facility in Memphis, Tennessee will be fully allocated to Anthropic until May 2029. SpaceX will receive $1.25 billion in payments every month for this service. According to the terms of the agreement, either party may terminate the contract with 90 days’ notice. It was also noted that capacity will increase and rates will be reduced in the coming months.
It was also reflected in the file that Anthropic was seeking a partnership with SpaceX on much higher capacities to establish computing units in space.
Starlink, Starship and occupational safety risks
The company documents also discussed the current location of Starlink, SpaceX’s satellite internet offering unit. Starlink increased its popularity in rural areas by reaching 10.3 million subscribers. The company grows its number of subscribers thanks to the agreements it makes with public institutions and telecom companies abroad. At the same time, Starlink has entered competition with existing internet service providers in some regions.
| Service | Number of Subscribers | Competition Status |
|---|---|---|
| starlink | 10.3 million | Stands out in rural and international markets |
| comcast | Several million (exact figure not disclosed regularly by the company) | Traditional internet service provider across the USA |
During this period, one worker died at the company’s facilities in Texas, and according to news from Reuters, it was stated that there were hundreds of unrecorded worker injuries at SpaceX.
SpaceX is preparing to launch the new version of Starship into space this week. However, it is emphasized that the security and operational risks related to this project continue.
New step in artificial intelligence plans
The company acquired xAI, the artificial intelligence initiative founded by Elon Musk, in February. In his statement at the beginning of this month, Musk stated that xAI will be removed from being a separate company and the management of all artificial intelligence products will be transferred to SpaceX. Thus, it was announced that the company’s AI strategy will continue entirely under the umbrella of SpaceX.
