Tootfinder

SpaceX S-1: xAI had a $6.4B operating loss on $3.2B in revenue in 2025; Grok and X had 550M MAUs combined as of March 2026, and 117M used Grok's AI features (Rebecca Bellan/TechCrunch)
https://techcrunch.com/2026/05/20/xai-

xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over | TechCrunch
SpaceX's IPO filing reveals xAI lost $6.4 billion in 2025 while planning a massive Grok expansion — offering the first public look at Elon Musk's AI financials and more details about his ambitions.

As Iran braced for conflict with the U.S., a key regime financier built a secret payment network to keep money flowing to its military forces.
At its core was Binance.
Until as recently as December, the network, run by Babak Zanjani, an Iranian who is a self-described “antisanction” operator made
$850 million in transactions over two years on the world's largest cryptocurrency exchange

Filing: SpaceX reports 2025 revenue of $18.7B, up 33% YoY, a $4.9B loss, vs. a $791M profit in 2024, and $20.7B in capital expenditures, up from $11.2B (New York Times)
https://www.nytimes.com/2026/05/20/technol

Elon Musk’s SpaceX Pulls Back the Curtain on Its Finances
Mr. Musk’s rocket and satellite maker disclosed its financial performance for the first time, as it prepares to go public in what is set to be one of the largest offerings to date.

How social media influencers have become a magnet for political campaigns and groups in the US that want to push their priorities without disclosures (Ken Bensinger/New York Times)
https://www.nytimes.com/202…

Political Money Is Flowing to Influencers. But From Whom?
Social media stars have become a magnet for campaigns and political groups that want to push priorities without disclosing where their money is going.

Vance defends stock-trading spree in Trump financial filings: 'Come on, man' (Kevin Breuninger/CNBC)
https://www.cnbc.com/2026/05/19/trump-vance-stock-trades.html
http://www.memeorandum.com/260519/p108#a260519p108

SpaceX can be defined in many ways.
SpaceX is a financial instrument for Musk.
Before the IPO, SpaceX acquired xAI, Musk’s artificial-intelligence company, which itself acquired X, the social-media site, back in 2025.
The maneuver allowed SpaceX to claim that it believed it had “the largest actionable total addressable market in human history”:
$28.5 trillion, to be precise.
$26.5 trillion of that, according to the filing, would come from AI infrastructure and a…

What Has SpaceX Become?
The company has mutated into something that defies both comparison and logic.

SpaceX S-1: Starlink had 10.3M subscribers in Q1 2026, a 105% increase YoY; SpaceX's "Connectivity" business, which is primarily Starlink, made $11.3B in 2025 (Michael Kan/PCMag)
https://www.pcmag.com/news/spacex-ipo-filing-off…

Sources: Anthropic agrees to brief the Financial Stability Board on global financial system vulnerabilities found by Mythos, following a request by FSB's Chair (Financial Times)
https://www.ft.com/content/7d309f94-3618-4511-9778-d1447799c5e4

Filing and sources: PE firm Hg has spun out €500M worth of assets from its €19B software group Visma, whose London IPO remains shelved amid the "SaaSpocalypse" (Alexandra Heal/Financial Times)
https://www.ft.com/content/766353e4-709b-4621-bd26-125580d00400

The EU fines Alibaba's online marketplace AliExpress €550M for failing to do enough to prevent the sale of illegal products, the largest DSA fine to date (Barbara Moens/Financial Times)
https://www.ft.com/content/13c385e7-600f-471a-858e-6f1970802a10