New Delhi, May 22 -- SpaceX's net loss for the three months ended March 31, 2026, increased by USD 3.74 billion compared to the prior three months ended March 31, 2025. The company recorded a total net loss of USD 4.27 billion for the first quarter of 2026, up from a net loss of USD 528 million in the corresponding period of the previous year, according to a regulatory filing with the US Securities and Exchange Commission (SEC) dated May 20.

The information comes after SpaceX revealed its long-awaited plans to go public on Wednesday, shedding light on the finances and leadership of the company. Chairman and CEO of SpaceX, Elon Musk, revealed previously undisclosed details, including its board members, sales, profit, expenses and how it d...