[BIG TECH]■ STORY TIMELINE

SPACEX POSTS $4.9B LOSS ON 33% REVENUE GROWTH

SpaceX reported $18.7 billion in 2025 revenue, a 33% year-over-year increase, but swung to a $4.9 billion loss as capital expenditures nearly doubled. The company disclosed financials publicly for the first time ahead of a planned IPO.

2 SOURCESFIRST SEEN MAY 20, 09:25 PM► READ THE ARTICLE

Techmeme+0m

Filing: SpaceX reports 2025 revenue of $18.7B, up 33% YoY, a $4.9B loss, vs. a $791M profit in 2024, and $20.7B in capital expenditures, up from $11.2B (New York Times)

New York Times: Filing: SpaceX reports 2025 revenue of $18.7B, up 33% YoY, a $4.9B loss, vs. a $791M profit in 2024, and…

Techmeme+5d 18h

SpaceX filing: X's ad revenue was $1.8B in 2025, $1.7B in 2024, and $2.3B in 2023, below Twitter's $4B in 2021; X and Grok now have 6.3M active paid subscribers (Alex Weprin/The Hollywood Reporter)

Alex Weprin / The Hollywood Reporter: SpaceX filing: X's ad revenue was $1.8B in 2025, $1.7B in 2024, and $2.3B in 2023,…

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