Overview
Space Exploration Technologies Corp (SpaceX) Financial Statements FY2024-FY2026Q2
SpaceX's financial history, FY2024–FY2026 Q2, modeled as a public, auditable plain-text Beancount ledger. Part of the Open Ledger project on beancount.io — public companies' income statements and balance sheets, reconstructed line-by-lin…
Financial position
Net worth and the accounts that make it up
Money movement
Monthly income and spending by account category
Recent activity
Posting-aware activity from the journal
Income vs Expenses
Balance Sheet
Cash Flow
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Space Exploration Technologies Corp (SpaceX) — Open Ledger
SpaceX's financial history, FY2024–FY2026 Q2, modeled as a public, auditable plain-text Beancount ledger. Part of the Open Ledger project on beancount.io — public companies' income statements and balance sheets, reconstructed line-by-line from their own regulatory filings and version-controlled in git.
Companion analysis: SpaceX FY2025 Earnings Analysis
Quick Start
uvx --from beancount bean-check main.beanZero output means the ledger is internally consistent — every income statement sums to zero, and every balance-sheet snapshot below reconciles to SpaceX's own filed totals.
What's Inside
| Period | File | Notes |
|---|---|---|
| FY2024 (ended Dec 31, 2024) | FY2024/FY2024.bean | Includes FY2023 income statement as informational commentary — no FY2023 balance sheet is disclosed |
| FY2025 (ended Dec 31, 2025) | FY2025/FY2025.bean | Audited |
| FY2026 Q1 | FY2026/FY2026Q1.bean | Unaudited (S-1) |
| FY2026 Q2 | FY2026/FY2026Q2.bean | Unaudited (first 10-Q); records the IPO-date conversion of the remaining redeemable convertible preferred stock into common stock |
Figures through Q1 2026 are sourced from SpaceX's Form S-1 registration statement (SEC EDGAR), filed in connection with its June 2026 IPO; Q2 2026 onward from its Form 10-Q filings. The reporting entity includes X Corp and xAI following their 2025 mergers into Space Exploration Technologies Corp — hence the "AI" segment alongside "Space" (launch) and "Connectivity" (Starlink).
Methodology
- Balance sheet figures are asserted via
pad/balancedirectives against the S-1's disclosed periods — see the source comment at the top of each period file. - Income statement for each period is a single zero-sum transaction:
Incomeaccounts are negative (credit),Expensespositive (debit), with the arithmetic check shown in a comment directly above the transaction. - Redeemable convertible preferred stock is modeled as its own dedicated equity account (
Equity:RedeemableConvertiblePreferredStock) — mezzanine equity, sitting outside both total liabilities and total shareholders' equity, as SpaceX itself presents it pre-IPO. - All amounts are in
MUSD(millions of US dollars);18674 MUSDmeans $18.674 billion.
About Open Ledger
This repository is part of a growing library of public-company ledgers published at beancount.io/ledger — plain-text, git-versioned, and fully auditable. Explore more companies, or read the analysis behind the numbers, on the beancount.io blog.