Intragalactic IPO

SpaceX took one giant leap toward its public blastoff. 

The rocket maker filed its IPO prospectus with the Securities and Exchange Commission Wednesday, pulling back the curtain on its financials for the first time in company history. It reported $18.67B in 2025 revenue, a 33% year-over-year boost, but a net loss of $4.94B, driven by heavy spending on AI development. 

SpaceX is on course to raise ~$75B at a ~$1.25T valuation from the stock sale. The company—which will trade under the ticker SPCX on Nasdaq—is expected to start its investor roadshow in early June and debut on the market shortly after.

Elsewhere on Wall Street, chipmaker Nvidia beat expectations (again), with an 85% jump in Q1 revenue, showing no signs of the deceleration analysts have been bracing for.

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A verse to consider when the offerings of the world start to eclipse the promises of God… “Do not love the world or the things in the world. If anyone loves the world, the love of the Father is not in him. For everything in the world—the lust of the flesh, the lust of the eyes, and the pride in one’s possessions—is not from the Father, but is from the world. And the world with its lust is passing away, but the one who does the will of God remains forever.” 
1 John 2:15-17 (CSB) (read full passage)