Among SpaceX IPO Details: Company Spent $131 Million On Cybertrucks In 2025; Grok Potentially Dangerous; More

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Scattered throughout the 300-plus-page prospectus are several disclosures and risk warnings that show the eccentricities of Musk’s company and its cosmic ambitions. Other financial details in the document highlight how interdependent Musk’s various businesses have become and the risks that they carry. As SpaceX barrels towards the largest initial public offering (IPO) in the history of the US stock market, here is a look at some of the strange details buried within its filing.

SpaceX appears to have done extensive business with Tesla, spending hundreds of millions of dollars with Musk’s electric car company in recent years. Although much of that money – $506m to Tesla in 2025 and $191m in 2024 – went to purchasing Tesla’s Megapack battery product, SpaceX also spent lavishly on Cybertrucks. The prospectus discloses that in 2025 SpaceX obtained $131m worth of Cybertrucks at the manufacturer’s suggested retail price, which ranges between about $69,900 and $99,900, depending on the options. At that price, SpaceX would have acquired at least 1,300 vehicles.

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At one point, the prospectus includes what appears to be an AI-generated rendering of life on Mars. The image shows a family on Mars looking out at a rocket launch amid a field of geodesic domes and rows of solar panels.The sci-fi rhetoric is not theoretical; it bears financial stakes. Musk will receive an award of 1bn shares in the company if SpaceX achieves “the establishment of a permanent human colony on Mars with at least 1 million inhabitants”. The interplanetary ambitions of SpaceX’s central mission also result in some warnings to investors. Reaching such unusual business goals as understanding the “true nature of the universe” may prove difficult, the company advises.

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While outlining risk factors, SpaceX includes several large caveats surrounding its products and plans. The company disclosed that its massive amounts of spending have resulted in huge losses, including $4.9bn in 2025 and $4.3bn in the first quarter of this year alone. Such disclosures accounting for potential future risks and the uncertainty of guaranteed revenue are standard in IPO filings. “We have a history of net losses and may not achieve profitability in the future,” the prospectus states.

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https://www.theguardian.com/technology/2026/may/22/spacex-ipo-filing-details