Odaily Planet Daily reports: According to SpaceX’s prospectus, its Starlink business generated $4.42 billion in operating revenue last year, a significant increase from $2 billion in 2024 and $469 million in 2023. Additionally, the filing reveals that Musk and a small group of insiders will maintain voting control after the IPO through a dual-class share structure. The company’s cash reserves rose from approximately $11.4 billion at the end of 2024 to over $22.8 billion; as of the end of 2025, total assets amounted to approximately $92 billion, total liabilities stood at about $50.8 billion, and cash and cash equivalents on the balance sheet totaled $24.8 billion. Meanwhile, the xAI business recorded an operating loss of $6.4 billion last year. (RTRS)
SpaceX Discloses Starlink Revenue of $4.42 Billion, Cash Reserves Exceed $22.8 Billion
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Summary
SpaceX's latest prospectus shows Starlink revenue reached $4.42 billion in 2025, up from $2 billion in 2024 and $469 million in 2023. Cash reserves now exceed $22.8 billion, doubling the 2024 level. Total assets reached $92 billion, with liabilities at $50.8 billion. xAI reported an operating loss of $6.4 billion. Traders monitoring altcoins to watch may note that the Fear & Greed Index remains volatile amid mixed business results.
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