A SpaceX IPO filing revealed Tesla generated nearly $890 million in revenue from SpaceX and xAI since 2023. Sales primarily included Megapack battery systems. Cybertruck purchases accounted for $131 million of the total.
Tesla holds nearly 19 million Class A shares in SpaceX. This stake converted from a prior $2 billion investment in xAI. The Terafab chip project and other joint ventures remain in early, non-binding stages.
Investors weighed governance concerns against the value of these off-balance-sheet assets. Tesla shares rose approximately one percent following the disclosure.