Elon Musk's aerospace company, SpaceX, ended the previous year with a net loss of $5 billion despite generating $18.5 billion in revenue. The financial data, reported by Reuters and The Information, highlights a trend where the company continues to spend more than it earns from its services. Reports 3dnews.ru.
The losses are largely attributed to the acquisition of xAI, an artificial intelligence startup absorbed by SpaceX in February. Without the impact of xAI, SpaceX would have remained profitable, with previous reports suggesting revenues between $15 billion and $16 billion and a profit of approximately $8 billion for 2025.
This strategic move is part of Musk's broader vision to integrate AI infrastructure into space by deploying data centers via SpaceX. This ecosystem also involves Tesla and Intel through the TeraFab joint venture, which focuses on chip production for xAI.
As a private company, SpaceX does not regularly disclose its finances, but it has already filed for an initial public offering (IPO). If the IPO occurs this year, investors will gain more transparency regarding the company's cash flows. Market expectations suggest that SpaceX could reach a valuation of $1.75 trillion upon going public.
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