xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over
SpaceX has filed for what could be the largest IPO ever, targeting a valuation of up to $2 trillion. The filing reveals xAI losses of $6.36 billion in 2025 and an Anthropic compute deal worth $15 billion per year. Elon Musk secures 85.1 percent of voting power through dual-class shares, effectively
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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.
SpaceX has filed for what could be the largest IPO ever, targeting a valuation of up to $2 trillion. The filing reveals xAI losses of $6.36 billion in 2025 and an Anthropic compute deal worth $15 billion per year. Elon Musk secures 85.1 percent of voting power through dual-class shares, effectively