# SpaceX, the aerospace company founded by Elon Musk 24 years ago, has finally made its IPO filing public.

*aerospace · news · 2026-05-20 · TechCrunch*

## Key points

- SpaceX's IPO filing reveals $4.9 billion lost in 2025 on $18 billion revenue.
- About 60% of SpaceX's 2025 capital spending, $20 billion, went to its AI division XAI.
- Musk will retain over 50% voting power post-IPO, keeping effective control of SpaceX.
- Starlink contributed over half of SpaceX’s 2025 revenue, around $11 billion.
- SpaceX pegs future addressable market at $28.5 trillion, $22.7 trillion from AI enterprise applications.

**Companies:** SpaceX
**Countries:** United States

[Read the full story on TechCrunch](https://techcrunch.com/2026/05/20/the-spacex-ipo-filing-ai-bets-starship-dreams-elon-musk/)

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