SpaceX's biggest IPO risks are also its bull case
-
SpaceX's biggest IPO risks are also its bull case
SpaceX’s recast financials now include xAI and X, adding $3.2 billion in 2025 AI revenue — along with a $6.4 billion operating loss and $12.7 billion in capital expenditures. The filing says the company expects major spending on GPUs, data centers, and supporting infrastructure. This ties another major growth bet to outside suppliers, power needs, and a build-out that must happen before the model is fully proven.
The final trade-off is Musk himself
The IPO may finally give investors a piece of SpaceX, but not much control. Musk’s Class B stock gets 10 votes per share, and his voting power remains a central feature of the offering.
Investors are buying the ambitions that still have to work.
Read the latest financial and business news from Yahoo Finance
This article has been published in finance.yahoo.com via Yahoo News.
SpaceX's biggest IPO risks are also its bull case
SpaceX's IPO is built around ambitions that are huge, expensive, and still unfinished.
finance.yahoo.com
