PART 59 / 63 spaceX招股书

财务表导言：合并 xAI + X Holdings（共同控制追溯合并）

ENGLISH · ORIGINAL

The summary historical consolidated financial and operating data of SpaceX has been prepared to reflect the retrospective combination of the companies for all periods presented to include the historical results of xAI, which was acquired by SpaceX, effective February 2, 2026, and X Holdings, which was acquired by xAI, effective March 28, 2025, because these transactions were between entities under common control. The following information should be read together with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and related notes thereto included elsewhere in this prospectus. The summary historical consolidated financial data included in this section is not intended to replace the consolidated financial statements and is qualified in its entirety by our consolidated financial statements and related notes included elsewhere in this prospectus.

中文翻译

财务表导言：合并 xAI + X Holdings（共同控制追溯合并）

SpaceX 的"汇总历史合并财务和运营数据"——已经按"对所列示的所有期间进行追溯合并"的方式编制——以包含以下两家公司的历史业绩：

• xAI——2026 年 2 月 2 日被 SpaceX 收购；

• X Holdings——2025 年 3 月 28 日被 xAI 收购。

原因——这些交易——都发生在"共同控制下"的实体之间——所以"追溯合并"是会计准则要求的处理方式。

下面的信息——应和招股书其他章节的"管理层对财务状况和经营情况的讨论与分析"——以及"合并财务报表和相关附注"——一起读。

本节包含的"汇总历史合并财务数据"——不打算替代合并财务报表——完全以本招股书其他章节的"合并财务报表和相关附注"为准。

📝 翻译者注

• "共同控制（common control）"：Musk 既是 SpaceX 又是 xAI、又是 X Holdings 的实际控制人——所以"xAI 被 SpaceX 收购"、"X Holdings 被 xAI 收购"——本质上是"Musk 把自己控制的两家/三家公司合并到一起"——按美国 GAAP——必须用"pooling of interests"（权益结合法）——对所有历史期间做"追溯合并"——所以你看到的"SpaceX 2023 年营收 10B"——其实包含 xAI 2023 年的营收。

• "追溯合并"对投资者的意义：这些财务数据——不是"SpaceX 单独"的——而是"SpaceX + xAI + X Holdings 合并"的——比较时不能用"纯 SpaceX"基准。

📉 损益表