Slide 1: SpaceX
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Slide 2: Our Mission and Integrated Platform
OUR To build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend MISSION the light of consciousness to the stars OUR The only company building the integrated hardware and software infrastructure of the future across Space,
Slide 3: Space: World's Only Fleet of Reusable Rockets
SPACE % of Global Mass to Orbit since 2023 80%+ % of Vehicle Reflights(1) 95% Total Launches ~650 Crewmembers Flown since 2020 78 WORLD’S ONLY FLEET OF REUSABLE ROCKETS FALCON 9 FALCON HEAVY STARSHIP Payload CAPACITY to LEO 23 Metric Tons 64 Metric Tons 100 Metric Tons Total Number of Flights ~620 1
Slide 4: Connectivity: Unrivaled Satellite Infrastructure
CONNECTIVITY Starlink Subscribers ~10.3M Countries with Service 164 People Covered 3.3B+ % of Active Maneuverable Satellites in Orbit ~75% U N R I V A L E D S A T E L L I T E I N F R A S T R U C T U R E S T A R L I N K S U B S C R I B E R S S A T E L L I T E S I N O R B I T A S O F Q1 MARCH 31, 2026
Slide 5: AI
AI Major Daily Posts Model Releases (1) 4 on X ~350M Monthly Nameplate Compute Active Users (2) ~550M Draw 1GW+ Note: As of or for the twelve months ended March 31, 2026 unless otherwise indicated. (1) 4 major model versions and notable Read More @ S P A C E X I P O . C O M variations since launchin
Slide 6: Largest TAM in Human History / Why We Win
LARGEST TAM IN HUMAN HISTORY $22.7T $28.5T $2.4T $760B $600B $870B $740B $370B Space-Enabled Starlink Starlink AI Consumer Digital Enterprise Total Solutions Broadband Mobile Infrastructure Subscriptions Advertising Applications Addressable Market SPACE: $370B CONNECTIVITY: $1.6T AI: $26.5T WHY WE W
Slide 7: Our Growth Strategy
OUR GROWTH STRATEGY 03 A I Grow consumer AI platform monetization Grow X monetization Deepen enterprise and government adoption Increase the scale of our AI compute infrastructure Deploy orbital AI compute at scale Monetize across selling compute and selling intelligence 02 C O N N E C T I V I T Y D
Slide 8: Additional Markets with the Potential for Long-Term Growth
ADDITIONAL MARKETS WITH THE POTENTIAL FOR LONG-TERM GROWTH Pioneering the Lunar Economy ESTABLISHING A LUNAR BASE RETURN HUMANS TO THE MOON Land humans on the Moon by late 2020s for the first time since Prove systems, habitats, and Starship. Act as test-case for 1972 with NASA’s Artemis Program. Use
Slide 9: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS A c c e l e r a t i n g o u r A I s p e e d , c o s t , & M a s s i v e g r o w t h scale advantage to address $26.5T opportunity and scale First to deploy coherent, gigawatt-scale AI training clusters with Revenue in 2025 $18.7B Growth in 2025 33% 1GW+ Nameplate Compute Dra
Slide 10: Appendix: GAAP to Non-GAAP Reconciliations
APPENDIX: GAAP to Non-GAAP Reconciliations SEGMENT ADJUSTED EBITDA: SPACE (IN BILLIONS) 2024 2025 I N C O M E ( LO S S ) F R O M O P E R AT I O N S $0.0 ($0.7) Add (Deduct): Depreciation & Amortization $0.6 $0.8 Share-based Compensation $0.5 $0.5 Restructuring Charges - - Impairment $0.0 $0.0 S E G