BlockBeats News, May 24th, Base Ecosystem AI Builder Nick Prince today used his developed AI product agentic.market to have an Agent generate a SpaceX Investment Memorandum. According to him, this memorandum reveals SpaceX's financial statement embellishment details that have not been covered in other mainstream reports. Specific details include:

SpaceX's Reported Long-Term Debt is $29.1 billion, but actually around $42 billion, including a $20 billion SpaceX Bridging Loan (due in September 2027, used for the xAI acquisition).

SpaceX has three significant outstanding commitments, including a $19.6 billion EchoStar Spectrum Commitment, Cursor (Anysphere) Option Agreement, etc.

In the 2025 financial statement, the management team, under the "Adjusted EBITDA" item, artificially inflated around $9 billion by deducting depreciation, equity incentives, and segment-specific projects.

Nick Prince specifically pointed out that this report took only 12 minutes and cost $1.87 to complete, paid through the x402 protocol.

agentic.market is a public marketplace on the Coinbase-developed x402 payment protocol, led by Nick Prince and other Coinbase product managers. Currently, the project has no token issuance.