SpaceX filed for an IPO on May 20 while reporting first-quarter revenue of $4.69 billion, an operating loss of $1.94 billion, and a $1.19 billion operating profit from Starlink. The company acquired xAI in February and attributed $2.47 billion in losses to its AI division. Musk remains founder and CEO, and the firm stated it seeks to prevent humanity from sharing the fate of dinosaurs.