SpaceX, the private rocket and satellite company owned by Elon Musk, has long kept its financial details under wraps. Recently, it revealed significant information as it plans to go public. This move is poised to be among the largest public offerings to date.

In 2025, SpaceX’s revenue climbed to $18.7 billion, up 33 percent from the previous year. The company disclosed these figures in a filing necessary for firms aiming to go public. Revenue for the first quarter of the current year reached $4.7 billion, an increase from $4.1 billion during the same period last year.

Despite the impressive revenue growth, SpaceX experienced financial losses. Last year, it lost over $4.9 billion, a sharp turn from a $791 million profit in 2024. This loss resulted from nearly doubled capital expenditures, mainly due to heavy investments in artificial intelligence. In the first three months of this year, SpaceX reported a $4.3 billion loss, close to the total loss for the entire previous year.

SpaceX also owns assets like the social media platform X and xAI, creators of the Grok chatbot. With its finances now public, SpaceX is preparing for an initial public offering that could be one of the largest ever. The company, valued at $1.25 trillion, aims to enter the stock market as early as next month, potentially raising between $50 billion and $75 billion.

A successful IPO by SpaceX might open avenues for other massive offerings from artificial intelligence companies like Anthropic and OpenAI, both considering confidential IPO filings soon. Recently, A.I. chip maker Cerebras initiated this wave of public offerings, surging 68 percent on its first trading day, marking the largest public offering of any tech firm since 2019.