Public · Aerospace · Hawthorne, USA Est. 2002 spacex.com ↗

SpaceX

Building the infrastructure of the future across space, connectivity, and AI.

Customers10M
Starlink subscribers10M
Starlink satellites in orbit12,000
Countries with Starlink coverage164
What we do

SpaceX designs, manufactures, and launches advanced rockets and spacecraft, providing unparalleled launch capabilities and the world's largest satellite internet network.

The problem
The high cost and limited accessibility of space travel and global internet connectivity.
Our solution
Developing reusable rocket technology and a global satellite network to reduce costs and increase accessibility.
01
Space Exploration
Pioneering reusable rocket technology to make space travel more accessible.
02
Satellite Internet
Providing high-speed, low-latency internet globally through Starlink.
03
AI and Computing
Developing AI models and compute infrastructure for future technologies.
Gallery

SpaceX

Market

A category big enough to build a company inside.

Total Addressable
$6T
100% of category
global · The whole category opportunity.
16.21% category CAGR
Geography
Global
$6T
Why now

The market is moving — timing matters.

The category is moving fast — global is growing at 16.21%. Increasing demand for satellite internet. Growing interest in space exploration.

  • 01
    Increasing demand for satellite internet
  • 02
    Growing interest in space exploration
  • 03
    What to expect in space exploration in 2026 (January 26, 2026)
Headwinds we're navigating
  • 01
    Regulatory challenges
  • 02
    High initial costs
Traction

The numbers, said plainly.

Revenue TTM
$18.7B
↑ 33% YoY
Customers
10M
YoY
33%
Starlink subscribers
10M
as of Feb-26
Starlink satellites in orbit
12,000
as of March 31, 2026
Countries with Starlink coverage
164
as of March 31, 2026
Average uptime
99.9%
as of March 31, 2026
Median download speed
225 MBPS
as of March 31, 2026
Median round trip latency
~25 ms
as of March 31, 2026
Nameplate compute draw
~10.3M
as of March 31, 2026
SpaceX share of global mass to orbit
80%
2023-2025

OFFERING SIZE: 555.6M shares (100% Primary)

Business model

How we make money.

Revenue from satellite internet subscriptions, launch services, and government contracts.

Direct sales to governments and enterprises, online subscriptions for Starlink.

Pricing
Competitive pricing for satellite internet and launch services.
Competition

Where we sit.

Positioning
Us Competitors
High · Depth of capability
Low
Low
Customer outcome · High
Us · SpaceX
United Launch Alliance
Blue Origin
Eutelsat OneWeb
Arianespace
Rocket Lab
SpaceX
Our edge

Building the infrastructure of the future across space, connectivity, and AI.

United Launch Alliance

Joint venture of Lockheed Martin and Boeing providing launch services; operates Vulcan Centaur to serve national security, NASA, and commercial customers; reported $1.3B revenue in 2022.

Blue Origin

Develops reusable launch vehicles (New Glenn, New Shepard) and the TeraWave satellite constellation; privately funded by Jeff Bezos, considering first external fundraising in 2026 with valuation estimated above $30B.

Eutelsat OneWeb

Operates the second-largest commercial LEO satellite network with ~650 satellites, delivering global high-speed, low-latency internet to enterprise and government markets.

Arianespace

Commercial launch service provider operating Ariane 6; wholly owned subsidiary of ArianeGroup following a €200M recapitalization in late 2025 to absorb losses.

Rocket Lab

Publicly traded (Nasdaq: RKLB) aerospace manufacturer and launch provider; operates Electron and is developing reusable Neutron; reported record FY2025 revenue of $602M and backlog of $1.85B.

Defensibility

What protects this advantage.

Regulatory & compliance
Licences
NOAA Private Remote Sensing Space System License — Required for any private satellite system carrying imaging or remote sensing payloads (such as cameras on satellites) to regulate the collection and distribution of Earth observation data.ITU Satellite Frequency Coordination — Requires international coordination of satellite radio frequencies and orbital slots to prevent harmful interference between global satellite networks before national licensing.FCC Supplemental Coverage from Space (SCS) License — Authorizes satellite operators to lease terrestrial mobile spectrum to provide direct-to-device (D2D) connectivity, bridging terrestrial and orbital networks.
Team

Built by people who've shipped this before.

Elon Musk
Elon Musk
CEO

Elon Musk is the founder and CEO of SpaceX, known for his work in revolutionizing space travel and electric vehicles.

TeslaPayPal
LinkedIn
In their own words
“
To build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.
OUR MISSION
“
We are the only company building the integrated hardware and software infrastructure of the future across space, connectivity, and AI.
OUR INTEGRATED PLATFORM
“
Unparalleled launch capabilities with high cadence, reusability, and capability
BUILDING THE INFRASTRUCTURE OF THE FUTURE
The ask

What we're raising — and what it builds.

Raising

$75B

IPO round
Use of funds
AI compute infrastructureTo fund the Company’s growth strategy, including the expansion of AI compute infrastructure, enhancements to launch infrastructure and launch vehicles, increases in the scale and capacity of satellite constellations, and any remaining amounts for general corporate purposes
—
Comparable rounds & valuations
Axiom Space2026
$525 million Series D
Firefly Aerospace2025
$868 million IPO / $6.32 billion valuation
Visit the site → Get in touch
Watch

A short walkthrough.

The pitch

Read it the way they pitched it.

SpaceX
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