SpaceX Prospectus Disclosure: Starlink Revenue Reaches $4.42 Billion, SpaceX Cash Reserves Exceed $22.8 Billion

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Odaily Planet Daily News: According to SpaceX’s IPO prospectus, its Starlink business revenue last year increased to $4.42 billion, a significant rise from $2 billion in 2024 and $469 million in 2023. Additionally, the document disclosed that Elon Musk and a few insiders will maintain voting control through a dual-class share structure after the IPO. The company’s cash reserves grew from approximately $11.4 billion at the end of 2024 to over $22.8 billion. As of the end of 2025, total assets are about $92 billion, total liabilities approximately $50.8 billion, and cash and cash equivalents on the balance sheet amount to $24.8 billion. Meanwhile, the xAI business’s operational losses expanded to $6.4 billion last year. (RTRS)

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