SpaceX Adopts Website-First Strategy for Earnings
SpaceX announced in a regulatory filing on Monday that it will change its corporate communications strategy by releasing all quarterly and annual financial results, along with other material announcements, exclusively through its official website and corporate account on the social media platform X.
The move marks a departure from traditional corporate communications practices. Publicly traded companies typically rely on commercial newswire services, such as Berkshire Hathaway’s Business Wire or Cision’s PR Newswire, to simultaneously distribute market-moving information to media outlets, financial terminals, and the broader investment community.
Instead of using external wire services, the aerospace, artificial intelligence, and satellite internet company said it will centralize all material disclosures through its own digital platforms.
In the filing, SpaceX stated that it “encourages members of the investment community, the media, and others to follow” its investor relations page on the company’s website, as well as its official account on X, for access to all future financial results and corporate announcements.
The announcement coincided with significant activity related to the company’s transition to public markets. Earlier on Monday, SpaceX confirmed that its underwriters had fully exercised their over-allotment option, commonly known as a “greenshoe” option, to purchase additional shares.
The exercise of the greenshoe option increased the total gross proceeds from the company’s initial public offering (IPO) to US$85.7 billion. Before the additional share sale, the Elon Musk-led company had already completed the largest IPO in history, raising a record US$75 billion through the issuance of 555.56 million shares priced at US$135 each.
Following Monday’s announcements, SpaceX shares, trading under the ticker SPCX.O, closed the regular trading session approximately 19% higher. The rally continued in after-hours trading, with the stock gaining an additional 2% during extended trading.
