SpaceX says it will release financial results only through its website and X, bypassing newswire services

The rocket and satellite company has decided to disclose its quarterly and annual results, along with other material news, solely through its own website and its account on X, moving away from the use of traditional wire services

SpaceX has said it will release its quarterly and annual financial results, along with other material news, only through its website and its social media account on X, rather than through wire distribution services such as Business Wire or PR Newswire.

The company disclosed the change in a regulatory filing on Monday, with the decision marking a departure from standard corporate communication practices, which typically rely on commercial newswires.

It aims to simultaneously reach a broad cross-section of investors, financial terminals, and media outlets.

In the filing, SpaceX said it encourages members of the investment community, the media, and others to follow its investor relations page on its website and its X account to access the information it discloses through those channels.

Shares of the company closed around 19 percent higher on Monday and were up about 2 percent further in extended trading.

Earlier the same day, SpaceX said its underwriters had exercised the “greenshoe” option to purchase additional shares, taking the total proceeds from its initial public offering to $85.7 billion.

SpaceX, headed by Elon Musk, runs businesses spanning reusable rockets, the Starlink satellite broadband network, and an artificial intelligence unit built around its Grok model.