SpaceX to release financial results through website and X platform

SpaceX ​will release quarterly and ​annual financial results, besides other ​material news, only through its website and social media account on X and not through wire distribution services, ‌it said ⁠in ⁠a filing on Monday.

The move marks a departure ​from standard corporate communication practices, which typically involve newswire services like ​Business Wire or PR Newswire to reach a broad audience of investors and media ​outlets.

SpaceX said it "encourages members ⁠of the ‌investment community, the media, and others ​to ​follow" its investor relations page on ⁠its website and its X account to ​review the information disclosed through those ​channels.


Shares of the company closed around 19% higher on Monday. They were up about 2% in extended trading.

Earlier in the day, the company said its underwriters ‌had exercised the "greenshoe" option to purchase additional shares, increasing the total proceeds from ​its initial ​public offering to $85.7 ⁠billion.

Elon Musk's rocket, AI and internet conglomerate had raised a record $75 billionthrough the sale of 555.56 million shares at $135 apiece, becoming the largest IPO in history even before the greenshoe option was exercised.