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TEXXR

Chronicles

The story behind the story

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Filing: SpaceX reports 2025 revenue up 33% YoY to $18.7B, a loss of $4.9B, down from a $791M profit in 2024, and $20.7B in capital expenditures, up from $11.2B

Mr. Musk's rocket and satellite maker disclosed its financial performance as it prepares to go public in what is set to be one of the largest offerings to date.

New York Times

Discussion

  • @danprimack Dan Primack on x
    $TSLA had 5x SpaceX revenue last year. This biz is not as big as expected.
  • @danprimack Dan Primack on x
    Twitter had $1.2b of revenue in Q1 2022. SpaceX's AI unit, including X and Grok and all AI compute, was only $818m in Q1 2022.
  • @jeffjarvis@mastodon.social Jeff Jarvis on mastodon
    His stock is a sucker's bet.  His AI is a joke; his satellites have competition on the horizon; rockets are government largesse; he's a terrible manager.  —  Musk's SpaceX discloses massive losses ahead of expected record-breaking IPO https://www.washingtonpost.com/ ...
  • r/EnoughMuskSpam r on reddit
    Musk's SpaceX discloses massive losses ahead of expected record-breaking IPO