Buried inside SpaceX’s pre-IPO disclosures is a single percentage that should make every investor lining up for the $75 billion June 2026 Nasdaq debut pause....
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<ul><li>SpaceX derived 20.9% of 2025 revenue from the U.S. government, a single customer whose contracts can be terminated at will or eliminated by shifts in federal spending priorities.
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<ul><li>SpaceX derived 20.9% of 2025 revenue from the U.S. government, a single customer whose contracts can be terminated at will or eliminated by shifts in federal spending priorities.
… [+3216 chars]