Space Exploration Technologies Corp · NASDAQ:SPCX
Space Exploration Technologies — IPO Roadshow (June 2026)
59 slides from Space Exploration Technologies's IPO roadshow presentation, June 2026
Slide 1: Roadshow Presentation
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx Roadshow Presentation June 2026
Slide 2: Disclaimer
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx DISCLAIMER This communication does not constitute a prospectus for purposes of Regulation (EU) 2017/
Slide 3: Our Mission
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR MISSION To build the systems and technologies necessary to make life multiplanetary, to understa
Slide 4: Our Integrated Platform
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR INTEGRATED PLATFORM We are the only company building the integrated hardware and software infras
Slide 5: N of 1: Building the Infrastructure of the Future
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx N OF 1 BUILDING THE INFRASTRUCTURE OF THE FUTURE SPACE CONNECTIVITY AI Activated in 2002 Activated i
Slide 6: We Make the Extraordinary Possible
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WE MAKE THE EXTRAORDINARY POSSIBLE SPACE The FIRST private company to develop and launch a liquid fu
Slide 7: Why We Win
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WHY WE WIN Global leadership in orbital launch services Unrivaled satellite and connectivity platfor
Slide 8: Extreme Vertical Integration
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx EXTREME VERTICAL INTEGRATION SPACE CONNECTIVITY AI Satellite Constellation, Inter -Satellite Turbine
Slide 9: The Algorithm
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx THE ALGORITHM 01 MAKE THE REQUIREMENTS LESS DUMB 02 DELETE THE PART OR PROCESS STEP 03 OPTIMIZE 04 A
Slide 10: Mission-Driven Culture and World-Class Talent
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx MISSION - DRIVEN CULTURE AND WORLD - CLASS TALENT Average Tenure of Top 3 Executives 21 YEARS Averag
Slide 11: Our Repeatable Business Model
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR REPEATABLE BUSINESS MODEL SEVEN Leverage our unparalleled launch capabilities to enable massive
Slide 12: We Already Address a Massive $6T Market
ibdroot\projects \IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck \EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WE ALREADY ADDRESS A MASSIVE $6T MARKET $600 B $5.7 T $760 B $2.4 T $740 B $870 B $370 B Space-Ena
Slide 13: AI Unlocks an Even Larger Opportunity
ibdroot\projects \IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck \EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx AI UNLOCKS AN EVEN LARGER OPPORTUNITY SPACE: $370B CONNECTIVITY: $1.6T AI: $26.5T 13 13
Slide 14: 2026… A Momentous Year So Far
ibdroot\projects \IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck \EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx 2026… A MOMENTOUS YEAR SO FAR Feb-26 Acquired xAI Feb-26 Starlink 10M Active Customers Surpassed 1
Slide 15: More Milestones Ahead
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx MORE MILESTONES AHEAD STARSHIP V3 BROADBAND MOBILE V2 TERRESTRIAL AI COMPUTE V3 SATELLITE SATELLITE
Slide 16: Our Space Business
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR SPACE BUSINESS We are the world’s leading launch provider, with more than 80% of mass to orbit f
Slide 17: World's Only Fleet of Reusable Rockets
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WORLD’S ONLY FLEET OF REUSABLE ROCKETS FALCON 9 FALCON HEAVY STARSHIP V3 PAYLOAD CAPACITY TO LEO 23
Slide 18: Dragon
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx DRAGON 50+ Visits to the International Space Station Since 2012 78 Crewmembers Safely Flown Since 20
Slide 19: The Value of Rocket Reusability
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx THE VALUE OF ROCKET REUSABILITY COST Reuse of expensive hardware ADVANTAGE TO SPACEX lowering launch
Slide 20: Starship
ibdroot\projects \IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck \EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx STARSHIP First ever heavy-lift rocket built for full and rapid reusability STARSHIP 12 test flight
Slide 21: Unparalleled Market Leadership
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx UNPARALLELED MARKET LEADERSHIP MASS TO ORBIT FOR THE WORLD % SPACEX SHARE 90% 80%+ 80% 70% 65% 60% 5
Slide 22: Foundational Launch Advantage
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx FOUNDATIONAL LAUNCH ADVANTAGE BOOSTER REUSABILITY ENABLES INCREASING LAUNCH RATES ANNUAL NUMBER OF F
Slide 23: Unparalleled Cost Efficiency
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx UNPARALLELED COST EFFICIENCY STARSHIP: STEP FUNCTION IMPROVEMENT IN REUSABILITY LAUNCH COST PER KG T
Slide 24: Unparalleled Throughput
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx UNPARALLELED THROUGHPUT STARSHIP: THE KEY TO UNLOCKING NEW MARKETS PAYLOAD CAPACITY (METRIC TONS) 20
Slide 25: Our Connectivity Business
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR CONNECTIVITY BUSINESS We leveraged our foundational launch capabilities to develop the most adva
Slide 26: Unrivaled Satellite Constellation
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx UNRIVALED SATELLITE CONSTELLATION V2 SATELLITES V3 SATELLITES COMPETITIVE STRENGTHS Unparalleled lau
Slide 27: Where Terrestrial Infrastructure Falls Short
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WHERE TERRESTRIAL INFRASTRUCTURE FALLS SHORT LOW POPULATION DENSITY REMOTE COMMUNITIES CHALLENGING T
Slide 28: Starlink: The World's Largest Satellite Internet Network
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx STARLINK: THE WORLD’S LARGEST SATELLITE INTERNET NETWORK UNRIVALED SATELLITE INFRASTRUCTURE EXPANDIN
Slide 29: Critical Partner to Enterprises and Governments
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx CRITICAL PARTNER TO ENTERPRISES AND GOVERNMENTS FIXED SITE LAND MOBILITY MARITIME AVIATION STARSHIEL
Slide 30: Starlink Mobile: The World's Largest Satellite-to-Mobile Constellation
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx STARLINK MOBILE: THE WORLD'S LARGEST SATELLITE - TO- MOBILE CONSTELLATION GEN 1 GEN 2 Mobile Network
Slide 31: Our AI Business
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR AI BUSINESS We are the only company that can vertically integrate across AI compute infrastructu
Slide 32: World's Largest Coherent Supercomputer
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WORLD’S LARGEST COHERENT SUPERCOMPUTER BUILT FASTER AND CHEAPER THAN INDUSTRY BENCHMARKS 1st 1st 1st
Slide 33: Terrestrial Capacity Faces Significant Limitations
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx BOTH SIDES OF THE POLITICAL AISLE AGREE: TERRESTRIAL CAPACITY FACES SIGNIFICANT LIMITATIONS ELECTRIC
Slide 34: Orbital AI Compute: Readily Available, Cheaper, and Faster
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx ORBITAL AI COMPUTE: READILY AVAILABLE, CHEAPER, AND FASTER No current regulatory hurdles and environ
Slide 35: We Are the Only Company That Can Do This
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WE ARE THE ONLY COMPANY THAT CAN DO THIS STARSHIP V3 STARLINK V3 EVOLVING CONNECTIVITY TO COMPUTE AI
Slide 36: What Matters Most in Manufacturing Intelligence
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WHAT MATTERS MOST SPACE AND CONNECTIVITY LEADERSHIP IN MANUFACTURING INTELLIGENCE: INFRASTRUCTURE AD
Slide 37: Grok: Advanced Truth-Seeking AI Model
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx GROK: ADVANCED TRUTH - SEEKING AI MODEL Achieved frontier - level performance faster than any other
Slide 38: Our Real-Time Information and Free Speech Platform
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR REAL - TIME INFORMATION AND FREE SPEECH PLATFORM ~550M ~350M Monthly Active Users Daily Posts ST
Slide 39: How We Monetize Compute Infrastructure
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx HOW WE MONETIZE COMPUTE INFRASTRUCTURE SELLING COMPUTE SELLING INTELLIGENCE: SELLING INTELLIGENCE: E
Slide 40: Our Growth Strategy
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR GROWTH STRATEGY
Slide 41: Our Growth Strategy
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR GROWTH STRATEGY AI Grow consumer AI platform monetization Grow X monetization Deepen enterprise
Slide 42: Pioneering the Lunar Economy
ibdroot\projects \IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck \EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx PIONEERING THE LUNAR ECONOMY HUMAN MOON RETURN ESTABLISHING A LUNAR BASE BUILDING GROUND FOR AI CO
Slide 43: Well-Positioned to Create New Markets
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WELL - POSITIONED TO CREATE NEW MARKETS WITH MULTI - TRILLION - DOLLAR ECONOMIC OPPORTUNITIES ENERGY
Slide 44: Track Record of Capital Allocation and Value Creation
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx TRACK RECORD OF CAPITAL ALLOCATION AND VALUE CREATION
Slide 45: Stellar Track Record of Capital Allocation & Value Creation
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx STELLAR TRACK RECORD OF CAPITAL ALLOCATION & VALUE CREATION SPACE AND CONNECTIVITY SEGMENT ADJ. EBIT
Slide 46: Significant Growth and Scale Enables Investment in Value Creation
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx SIGNIFICANT GROWTH AND SCALE ENABLES INVESTMENT IN VALUE CREATION REVENUE ($B) 2025 ADJ. EBITDA ($B)
Slide 47: Building the Infrastructure of the Future
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx BUILDING THE INFRASTRUCTURE OF THE FUTURE CAPITAL EXPENDITURES ($B) To fuel our growth, we are conti
Slide 48: We Aim to Build a High Growth, High Margin Business
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx WE AIM TO BUILD A HIGH GROWTH, HIGH MARGIN BUSINESS 2025 Future Target Revenue Growth (%) 33% Signif
Slide 49: Appendix
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx APPENDIX
Slide 50: Our Revenue Components
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR REVENUE COMPONENTS Year Activated 2002 2020 2023 SPACE CONNECTIVITY AI LAUNCH BROADBAND ADVERTIS
Slide 51: Space: Our Foundational Competitive Advantage
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx SPACE: OUR FOUNDATIONAL COMPETITIVE ADVANTAGE REVENUE ($B) 80%+ of 2025 Mass to Orbit for the world
Slide 52: Connectivity: Diversified Revenue, High Growth, and Strong Profitability
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx CONNECTIVITY: DIVERSIFIED REVENUE, HIGH GROWTH, AND STRONG PROFITABILITY REVENUE ($B) $1.6T TAM, spl
Slide 53: AI: Investing in a $27 Trillion Opportunity
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx AI: INVESTING IN A $27 TRILLION OPPORTUNITY REVENUE ($B) Gigawatt-scale AI training cluster $3.0 $3.
Slide 54: Our Key Metrics
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx OUR KEY METRICS Total kilograms of payload deployed to orbit in a period, calculated as the sum of v
Slide 55: GAAP to Non-GAAP Reconciliation: Adjusted EBITDA
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx GAAP TO NON-GAAP RECONCILIATION: ADJUSTED EBITDA (in billions) 2023 2024 2025 Q1 2026 Net income (lo
Slide 56: GAAP to Non-GAAP Reconciliation: Segment Adjusted EBITDA (Space)
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx GAAP TO NON-GAAP RECONCILIATION: SEGMENT ADJUSTED EBITDA SPACE (in billions) 2023 2024 2025 Q1 2026
Slide 57: GAAP to Non-GAAP Reconciliation: Segment Adjusted EBITDA (Connectivity)
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx GAAP TO NON-GAAP RECONCILIATION: SEGMENT ADJUSTED EBITDA CONNECTIVITY (in billions) 2023 2024 2025 Q
Slide 58: GAAP to Non-GAAP Reconciliation: Segment Adjusted EBITDA (AI)
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx GAAP TO NON-GAAP RECONCILIATION: SEGMENT ADJUSTED EBITDA AI (in billions) 2023 2024 2025 Q1 2026 Inc
Slide 59: ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\E…
ibdroot\projects\IBD-NY\scouted2025B\994800_1\01. Presentations\2026.05.25 Long Form Roadshow Deck\EU Roadshow Deck\EU - 2026.06 Project Apex Roadshow Discussion Materials Long Form (2026.06.07).pptx
Space Exploration Technologies — IPO Roadshow (June 2026) on 6ix