| Schedule of Debt |
| | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | | Principal | | Unamortized Deferred Financing Costs | | Net | | | | | | | | | | SpaceX Notes | $ | 25,000 | | | $ | 145 | | | $ | 24,855 | | | | | | | | | | | X 2027 and X 2030 Notes | 27 | | | — | | | 27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other financings(1) | 12,979 | | | — | | | 12,979 | | | | Total debt | 38,006 | | | 145 | | | 37,861 | | | | Finance lease liability | 983 | | | — | | | 983 | | | | Total debt and finance leases | 38,989 | | | 145 | | | 38,844 | | | | Less: Short-term portion | 2,698 | | | — | | | 2,698 | | | | Total debt and finance leases, net of current | $ | 36,291 | | | $ | 145 | | | $ | 36,146 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Principal | | Unamortized Deferred Financing Costs | | Net | | | | | | | | | | | | | | | | | | | | | | | | X 2027 and X 2030 Notes | $ | 27 | | | $ | — | | | $ | 27 | | | | X B-1 Term Loan | 6,504 | | | 280 | | | 6,224 | | | | X B-3 Term Loan | 5,966 | | | 54 | | | 5,912 | | | | | | | | | | | xAI Fixed Rate Term Loan | 995 | | | 4 | | | 991 | | | | xAI Floating Rate Term Loan | 995 | | | 40 | | | 955 | | | xAI 12.5% Secured Senior Notes | 3,000 | | | 12 | | | 2,988 | | | Other financings(1) | 4,562 | | | — | | | 4,562 | | | | Total debt | 22,049 | | | 390 | | | 21,659 | | | | Finance lease liability | 1,237 | | | — | | | 1,237 | | | | Total debt and finance leases | 23,286 | | | 390 | | | 22,896 | | | | Less: Short-term portion | 928 | | | — | | | 928 | | | | Total debt and finance leases, net of current | $ | 22,358 | | | $ | 390 | | | $ | 21,968 | | |
__________________ (1)Includes obligations related to certain SI infrastructure assets recorded as failed sale-leaseback transactions. Refer to Other Financings below for additional details.
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| Schedule of Future Principal Maturities of Debt |
The future scheduled principal maturities of debt as of September 30, 2026 are as follows: | | | | | | | 2026 (remaining three months) | $ | 495 | | | 2027 | 2,425 | | | 2028 | 2,867 | | | 2029 | 3,422 | | | 2030 | 3,597 | | | Thereafter | 25,200 | | | Total | $ | 38,006 | |
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| Schedule of Carrying Amounts and Fair Values of Long-Term Fixed-Rate Debt |
The carrying amounts and fair values of the long-term fixed-rate debt included in the consolidated balance sheets are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of September 30, 2026 | | As of December 31, 2025 | | | Carrying Amount | | Fair Value | | Carrying Amount | | Fair Value | | | SpaceX Notes | $ | 24,855 | | | $ | 22,932 | | | $ | — | | | $ | — | | | | X B-3 Term Loan | $ | — | | | $ | — | | | $ | 5,912 | | | $ | 6,190 | | | | xAI Fixed Rate Term Loan | $ | — | | | $ | — | | | $ | 991 | | | $ | 1,057 | | | xAI 12.5% Secured Senior Notes | $ | — | | | $ | — | | | $ | 2,988 | | | $ | 3,173 | | |
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