Space Exploration Technologies Corp (SpaceX) Financial Statements FY2024-FY2026Q2

Space Exploration Technologies Corp. (SPCX) Financial Statements in Beancount — Open Ledger

SpaceX's income statement and balance sheet, FY2024 through FY2026Q2, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form S-1 and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/spacex

Latest analysis: SpaceX Q2 2026 Earnings: Starlink Nearly Pays for the AI Bet, While $18.4B of Capex Outruns Revenue 2.4 to 1

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31 (SEC CIK 0001181412). 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. FY2024 and FY2025 are audited; FY2026Q1 (from the S-1) and FY2026Q2 (the first Form 10-Q) are unaudited. No FY2023 balance sheet is disclosed, so FY2023 appears only as an income statement in the comments of FY2024/FY2024.bean, and FY2026Q2 records the IPO-date conversion of the remaining redeemable convertible preferred stock into common stock. 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).

Quick Start

uvx --from beancount bean-check main.bean

Zero 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.

Methodology

• Balance sheet figures are asserted via pad/balance directives against the S-1's disclosed periods and, from FY2026Q2, the Form 10-Q — see the source comment at the top of each period file.
• Income statement for each period is a single zero-sum transaction: Income accounts are negative (credit), Expenses positive (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 MUSD means $18.674 billion.

Analysis

• SpaceX Q2 2026 Earnings: Starlink Nearly Pays for the AI Bet, While $18.4B of Capex Outruns Revenue 2.4 to 1 — FY2026Q2
• SpaceX's First Public Earnings: Starlink's $11.4B Profit Machine Is Bankrolling a $6.4B AI Bet — FY2025

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

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Disclaimer

This ledger is an independent reconstruction of Space Exploration Technologies Corp.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Space Exploration Technologies Corp.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.