{
  "version": "1.0.0",
  "generatedAt": "2026-10-19T06:38:24.858Z",
  "findingType": "finding",
  "findingId": 4154,
  "contentHash": "4a36fdff559959998a877d27e876d3c0567f93ae68df57738571d63417f47c15",
  "title": "SpaceX is filing the largest IPO in history while unable to fully disclose its classified revenue",
  "summary": "SpaceX confidentially filed for an IPO (April 2026) targeting a roughly $1.75T+ valuation; its own draft filing acknowledges redacted sections because some contracts are classified - including the NRO's $1.8B Starshield. Public shareholders will price an asset whose largest risks are partly invisible.",
  "methodology": "This finding was identified through systematic investigation of 2 entities. Evidence was classified as \"significant\" severity based on source verification tier (not categorised). The finding was reviewed under editorial status \"published\".",
  "sources": [
    {
      "url": "https://www.cnbc.com/2026/04/01/spacex-confidentially-files-for-ipo-setting-stage-for-record-offering.html",
      "label": "CNBC",
      "type": "primary"
    }
  ],
  "queries": [
    {
      "description": "Finding record lookup",
      "table": "findings",
      "parameters": {
        "id": 4154
      }
    },
    {
      "description": "Involved entity resolution",
      "table": "entities",
      "parameters": {
        "names": [
          "SpaceX",
          "Elon Musk"
        ]
      }
    }
  ],
  "dataSnapshot": {
    "id": 4154,
    "title": "SpaceX is filing the largest IPO in history while unable to fully disclose its classified revenue",
    "findingType": "other",
    "description": "SpaceX confidentially filed for an IPO (April 2026) targeting a roughly $1.75T+ valuation; its own draft filing acknowledges redacted sections because some contracts are classified - including the NRO's $1.8B Starshield. Public shareholders will price an asset whose largest risks are partly invisible.",
    "severity": "significant",
    "evidenceSummary": null,
    "publicInterest": null,
    "sourceTypes": [],
    "sourceUrls": [
      {
        "url": "https://www.cnbc.com/2026/04/01/spacex-confidentially-files-for-ipo-setting-stage-for-record-offering.html",
        "label": "CNBC"
      }
    ],
    "reviewStatus": "published",
    "goblin": {
      "name": "Goat",
      "slug": "goat"
    },
    "createdAt": "2026-06-01T09:17:30.427Z"
  },
  "entities": [
    {
      "id": 23,
      "name": "SpaceX",
      "slug": "spacex",
      "type": "company"
    },
    {
      "id": 3,
      "name": "Elon Musk",
      "slug": "elon-musk",
      "type": "person"
    }
  ],
  "verificationSteps": [
    "Retrieve finding #4154 from the findings table and confirm title, description, and severity match this bundle.",
    "Visit source: https://www.cnbc.com/2026/04/01/spacex-confidentially-files-for-ipo-setting-stage-for-record-offering.html — confirm the claim described in the evidence summary.",
    "Cross-reference involved entities (SpaceX, Elon Musk) in the entities table.",
    "Verify the SHA-256 content hash by re-generating the JSON bundle and hashing it."
  ]
}