SpaceX debuts as public company with ~$86.25B (638.9M × $135) IPO, $4.8B H1 loss on AI infrastructure buildout

Filed August 4, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Completed June 2026 IPO raising $85.7B net proceeds at $135/share (638.9M shares); merged xAI (which owns X/Twitter) in Feb 2026, creating three-segment structure: Space, Connectivity (Starlink), AI (Grok/X).

  Notes: IPO and xAI merger view on EDGAR →
• high

  H1 2026 revenue $12.5B (+54% YoY) driven by AI infrastructure contracts (+$1.8B), Starlink subscriber doubling to 12M (+$1.7B), and Space launches (+$216M); H1 net loss widened to $4.8B from up to $1.5B on R&D surge.

  MD&A: Revenue and profitability verify on EDGAR →
• high

  Capex surged $21.5B YoY to $28.5B in H1 2026 for AI data centers and Space launch facilities; AI segment alone spent $23.6B on servers, networking, and infrastructure; $28B in non-cancelable commitments ($22.2B due 2027).

  MD&A: Capital expenditures; Legal: Commitments verify on EDGAR →