SpaceX's IPO filing revealed extensive commercial and financial ties among Elon Musk's companies, including Cybertruck purchases, shared private jets, and stock investments.
The filing shows SpaceX and xAI bought about $650 million in goods from Tesla last year, with $506 million on Megapack batteries and $131 million on Cybertrucks.
Tesla owns nearly 19 million shares of SpaceX Class A stock after a $2 billion investment earlier this year.
The companies are collaborating on a multibillion-dollar chip-manufacturing venture called Terafab, highlighting interconnectedness around AI infrastructure.
Investors are scrutinizing governance and capital allocation across Musk's companies as SpaceX expands into AI and computing.
