capital
xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over
May 20, 2026
SpaceX’s IPO filing revealed that xAI lost $6.4 billion in 2025, giving the first public glimpse of Elon Musk’s AI unit’s finances as it plans a major Grok expansion. The figure underscores how capital-intensive xAI’s ambitions are, suggesting the spending on model development and scale is far from over.
SpaceX's IPO filing reveals xAI lost $6.4 billion in 2025 while planning a massive Grok expansion — offering the first public look at Elon Musk's AI financials and more details about his ambitions.
Source: techcrunch.com