SpaceX Files for IPO, Reports $18.7B Revenue

SpaceX, the 24-year-old aerospace company, filed its S-1 prospectus publicly, offering a glimpse into its financials ahead of what is expected to be the largest IPO ever. The company generated $18.7 billion in revenue last year, a 33% increase, with most coming from its Starlink satellite business. SpaceX also revealed a compute deal with Anthropic, set to pay $1.25 billion per month through May 2029. The IPO is notable for its retail focus, with 30% of shares reserved for retail investors, a significant departure from traditional large IPOs. However, governance remains largely controlled by Elon Musk, with him retaining about 85% of the control post-IPO.