ARK Sees a $17.5 Trillion Tesla
ARK's new model values Tesla at $4,400 a share in 2031, mostly on robotaxis, then has SpaceX supplying most revenue in a merger it expects.
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Reporting and context on SpaceX, with a closer look at the decisions and developments that matter.
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At a glance
Space transport company that develops rockets and spacecraft. Coverage follows its launch systems, space infrastructure and the technology and business around them.
- Focus
- Rockets; spacecraft; space infrastructure
- Reference
- SpaceX
Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Combined historical financials are recast to include xAI and X; they must not be read as standalone launch or Starlink revenue.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Acquires Cursor
Cursor confirms joining SpaceX, adding its coding editor, models and developer platform to the combined business.
Source: CursorCompletes an $86B public offering
Axios’s July account identifies the completed June IPO and proceeds. The public financing is distinct from revenue.
Source: Axios
Show earlier milestonesHide earlier milestones2026–2002 · 10 milestones
Earlier revenue, financing and company milestones.
Discloses $10.39B → $14.02B → $18.67B revenue
The prospectus reports recast 2023, 2024 and 2025 combined revenue. Historical figures include xAI and X under common-control accounting, not only rockets and Starlink.
Source: SpaceX prospectusStarlink reaches 10.3M subscriber lines
The prospectus records service across 164 countries and territories. Subscriber lines measure service connections, not individual people.
Source: SpaceX prospectusCompletes its combination with xAI
The merger brings xAI, including X, into SpaceX. The prospectus retrospectively recasts the combined financial history for the common-control transaction.
Source: SpaceX prospectusLaunches its first crewed Dragon flight
NASA’s Demo-2 mission carries two astronauts aboard Crew Dragon and Falcon 9.
Source: NASALaunches the first 60 Starlink satellites
The initial large batch begins deployment of the broadband constellation, with the Falcon 9 booster returning to a drone ship.
Source: AxiosFalcon Heavy reaches orbit on its first launch
SpaceX lands two of the three boosters during the demonstration, expanding its reusable heavy-lift launch capability.
Source: SpaceXLands a Falcon 9 first stage after an orbital launch
The successful return to a landing pad demonstrates a key step toward reusing orbital-class boosters.
Source: NASACompletes its first contracted ISS cargo mission
Dragon returns NASA cargo after the October resupply mission, establishing an operational service beyond demonstration flights.
Source: NASAFalcon 1 reaches orbit
The successful flight follows earlier unsuccessful launches and establishes SpaceX’s first orbital capability.
Source: SpaceXSpaceX is founded
Tesla’s official biography of Elon Musk dates the start of SpaceX to May 2002.
Source: Tesla
The latest on SpaceX
Newest firstRelated reporting
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SpaceXAI Claims Strict Controls as Suits Mount
At least 26 children are suing over Grok's sexual images, while SpaceXAI's testimony about strict controls met a sexualized image of New York's Council Speaker.
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Musk Pledges SpaceX Shares to American Kids
Musk answered Anthropic's 5% fund by promising every US child one SpaceX share next year, about $10.5 billion, without saying how.
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Runway Plugs Its Generators Into Grok Bot
Runway's MCP now works inside Grok Bot, letting chats generate video, images and audio with models from Runway, OpenAI, Google and ByteDance.
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Amazon and Banks Lock Out AI Agents
Amazon blocked Meta's Muse agent, JPMorgan, Citi and Bank of America shut out outside agents, and the web agents were promised keeps shrinking.
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Apple's App Store Rules Target Nudify Apps
Apple's new App Store rules target AI nudify apps and bait-and-switch features, turning the excuse it gave after WIRED found Kromix into rule 2.5.19.
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Cursor Agents Now Build Shareable Canvases
Cursor's cloud agents now build dashboards as canvases teammates open by link. Its X post and changelog disagree on the new repo limit.
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Grok Voice 3.0 Goes After Support Calls
SpaceXSI's Grok Voice 3.0 tops a speech-to-speech index at the old price and already runs Starlink support. OpenAI still leads one support-call test.
1 min read · Members
Jensen Huang Loves His $40 Billion Customer
Jensen Huang praises Musk as Nvidia and SpaceX plan data centers in space, while SpaceX seeks $40 billion of debt to buy Nvidia chips.
1 min read · Members
Cathie Wood Opens OpenAI, Locks the Exit
Cathie Wood put ARK's Venture Fund on Ethereum for $500, but OpenAI and Anthropic are a small slice and withdrawals stay quarterly and capped.
