SpaceX files for long-awaited public stock offering that could make Elon Musk a trillionaire

But the company doesn’t make money. After turning a $791 million profit in 2024, it swung back to a $4.9 billion loss in 2025. It lost $4.6 billion in 2023.

Those losses will almost certainly continue in 2026: SpaceX said it has already lost $4.3 billion in the first three months of this year on $4.7 billion of revenue.

The rocket business is expensive,continue reading …