SpaceX Prospectus Reveals: Starlink Revenue Reaches $44.2 Billion, SpaceX Cash Reserves Exceed $22.8 Billion

Odaily News SpaceX's prospectus shows that its Starlink business's operating income rose to $44.2 billion last year, a significant increase from $2 billion in 2024 and $469 million in 2023. Furthermore, the document discloses that Musk and a small number of insiders will maintain voting control through a dual-class share structure after the IPO. The company's cash holdings grew from approximately $11.4 billion at the end of 2024 to over $22.8 billion. As of the end of 2025, total assets were about $92 billion, total liabilities were about $50.8 billion, and cash and cash equivalents on the balance sheet stood at $24.8 billion. Meanwhile, the xAI business's operating loss widened to $6.4 billion last year. (RTRS)