Reuters: Musk's SpaceX has $8 billion in profits in 2025. That's about 50% of revenue
SpaceX is considering teaming up with Tesla or AI startup xAI, Bloomberg and Reuters wrote
SpaceX was valued at $800 billion in the latest round of stock sales / Photo: X/SpaceX
Elon Musk's private space company SpaceX made about $8 billion in profit in 2025 on revenues of $15-16 billion, Reuters reported, citing two sources.
In the case of profits, it is EBITDA (earnings before interest, taxes, depreciation and amortization), a key metric of operating efficiency, the agency writes. The main source of revenue is Starlink's satellite internet business, bringing in 50% to 80% of the total, its interlocutors say.
SpaceX did not respond to Reuters' request for comment.
What this means for the SpaceX IPO
Based on the company's recent financial results, some banks have concluded that the company could raise more than $50 billion in the event of an IPO at a valuation above $1.5 trillion, according to Reuters sources. The agency did not specify which banks they are talking about. SpaceX was valued at about $800 billion at the end of the last offering.
SpaceX plans to launch an IPO, which could be the world's largest, close to CEO Elon Musk's 55th birthday on June 28, Reuters sources said. The Financial Times wrote that Musk suggested timing the listing also to coincide with a rare planetary convergence in mid-June 2026 - when Jupiter and Venus for the first time in more than three years will be at a minimum distance from each other.
SpaceX is considering Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley as lead organizers for the listing, the FT wrote in mid-January.
Why an IPO may not happen
SpaceX is considering a merger with Tesla - a manufacturer of electric cars, which is also managed by Musk, Bloomberg reported on January 29, citing sources. According to them, some investors insist on the merger of SpaceX with Tesla. Tesla is already a public company. Its shares rose in price on the background of Bloomberg's report by 3.3% in trading on January 30.
An alternative option is the merger of SpaceX with AI startup xAI, which Musk also heads, Bloomberg and Reuters wrote. In this case, the IPO will be held by a company that combines rockets, Starlink satellites, social network X and artificial intelligence Grok.
This article was AI-translated and verified by a human editor
