$16B is the top line gross revenue number.
You don't count R&D as an expense per GAAP, so...
They have claimed $8B in EBITDA, also leaving out the amortization of R&D costs.
Those aren't audited numbers, as far as I know.
Audited financials would be released with the S-1. But it's very unlikely that they are not audited given the amount of money they have raised.
No related to this conversation, but I just started reading some books on finance and I actually know what most of those terms mean now! Lol
> Those aren't audited numbers, as far as I know
SpaceX has been audited for over a decade.