Logo: SpaceX, Public domain

SpaceX

Rocket, spacecraft, satellite internet (Starlink) and AI company.

AerospaceSatellite internetRocketsAIPublic company

IPO^{Source [2]}^{Source [1]}Last verified Oct 2, 2026

About SpaceX

SpaceX designs, builds and launches reusable rockets and spacecraft, operates the Starlink satellite internet network and, since acquiring xAI in February 2026, runs an AI business that includes the Grok models and the social platform X. Elon Musk founded the company in 2002 and has been its CEO, chief technical officer and chairman since May 2002.^{Source [1]}

It reports three segments. Space covers Falcon 9, Falcon Heavy, Dragon and Starship launch and development work for commercial and government customers. Connectivity runs Starlink, which had about 9,600 satellites in low Earth orbit and about 10.3 million subscribers in 164 countries, territories and other markets as of March 31, 2026. AI covers Grok, enterprise AI products, X and AI computing infrastructure.^{Source [1]}

SpaceX generated $18.67 billion in revenue in 2025, with Connectivity the largest segment at $11.39 billion. It had over 22,000 full-time employees as of March 31, 2026 and is headquartered at Starbase, Texas.^{Source [1]}

The company completed its initial public offering on Nasdaq under the symbol SPCX on June 15, 2026, selling 638,888,888 Class A shares at $135 each. After the offering Musk held about 82 percent of the voting power. In August 2026 it completed the acquisition of Anysphere, the maker of Cursor.^{Source [1]}^{Source [2]}^{Source [3]}

What happened

Space Exploration Technologies Corp. was incorporated in Delaware on March 14, 2002 and reincorporated in Texas in 2024. It acquired xAI, which owned X, effective February 2, 2026, completed an initial public offering on Nasdaq (SPCX) at $135 per share on June 15, 2026, and acquired Anysphere (Cursor) on August 14, 2026.^{Source [1]}^{Source [2]}^{Source [3]}

Timeline

2026-08-14Completed the acquisition of Anysphere, maker of the Cursor coding tool.^{Source [3]}
2026-06-15Completed its initial public offering on Nasdaq under the symbol SPCX at $135 per share.^{Source [2]}
2026-05Flew the 12th Starship flight test, debuting the next-generation Starship and Super Heavy booster.^{Source [1]}
2026-02-02Acquired xAI, which owned X.^{Source [1]}
2024-02-14Reincorporated as a Texas corporation.^{Source [1]}
2024-01Began deploying its Starlink Mobile satellite-to-smartphone constellation.^{Source [1]}
2023Launched Starship for the first time.^{Source [1]}
2020Dragon flew its first crew to the International Space Station, and Starlink began serving customers.^{Source [1]}
2019Launched its first Starlink satellites.^{Source [1]}
2018First launch of Falcon Heavy.^{Source [1]}
2015-12Landed a Falcon 9 booster back on Earth after a launch to space.^{Source [1]}
2012Dragon became the first commercial spacecraft to deliver cargo to and from the International Space Station.^{Source [1]}
2010First launch of Falcon 9.^{Source [1]}
2008Falcon 1 reached orbit, the first liquid-fueled rocket developed by a private company to do so.^{Source [1]}
2002-03-14Incorporated in Delaware.^{Source [1]}

Products and brands

Falcon 9: Orbital-class rocket with reusable boosters, first launched in 2010.^{Source [1]}
Falcon Heavy: Partially reusable super heavy-lift rocket, first launched in 2018.^{Source [1]}
Dragon: Spacecraft that carries cargo and crew to and from the International Space Station.^{Source [1]}
Starship: Fully reusable super heavy-lift launch vehicle, first launched in 2023 and still in flight testing.^{Source [1]}
Starlink: Low Earth orbit broadband network for consumers, businesses and governments.^{Source [1]}
Starlink Mobile: Satellite-to-smartphone cellular connectivity that supplements terrestrial networks.^{Source [1]}
Starshield: Secure satellite network for government and national security customers.^{Source [1]}
Grok and X: AI models and the X social platform, run in the AI segment since the xAI acquisition.^{Source [1]}

How it makes money: Revenue comes from launch services and government development contracts (Space, $4.09 billion in 2025), Starlink subscriptions, hardware and enterprise and government connectivity (Connectivity, $11.39 billion), and advertising, AI subscriptions and infrastructure (AI, $3.20 billion).^{Source [1]}

Leadership

Elon Musk	Chief Executive Officer, Chief Technical Officer and Chairman^{Source [1]}	Since 2002
Gwynne Shotwell	President and Chief Operating Officer^{Source [1]}	Since 2008
Bret Johnsen	Chief Financial Officer^{Source [1]}	Since 2011

Funding and financials

Revenue: $18.67 billion (2025)^{Source [1]}
Loss from operations: $2.59 billion (2025)^{Source [1]}
Revenue: $4.69 billion (quarter ended March 31, 2026)^{Source [1]}
IPO price: $135 per share (June 2026)^{Source [2]}
Private valuation: $800 billion in a December 2025 secondary share sale, per PitchBook^{Source [4]}

Notable acquisitions

xAI (X.AI Holdings Corp., owner of X)^{Source [1]}^{Source [4]}	2026
Anysphere (Cursor)^{Source [3]}	2026

People on Founded, and where they went next

1 person on record, connected to 10 other companies.

Person	Here	Also built
Elon Musk	Founder, CEO, CTO and Chairman2002 to now	xAI2023 to 2026AcquiredX Corp.2022 to 2025AcquiredThe Boring Company2017ActiveNeuralink2016ActiveOpenAI2015 to 2018ActiveSolarCity2006 to 2016AcquiredTesla2004 to nowIPOPayPal2000IPOX.com1999MergedZip21995 to 1999Acquired

Sources

Prospectus (Form 424B4), Space Exploration Technologies Corp., SEC EDGAR, 2026-06-12. Accessed Oct 2, 2026.
Form 8-K: completion of initial public offering, SEC EDGAR (Space Exploration Technologies Corp.), 2026-06-15. Accessed Oct 2, 2026.
Form 8-K: completion of merger with Anysphere, Inc. (Cursor), SEC EDGAR (Space Exploration Technologies Corp.), 2026-08-14. Accessed Oct 2, 2026.
Elon Musk's SpaceX acquires xAI, merging his two most ambitious companies, CNN, 2026-02-02. Accessed Oct 2, 2026.

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