SpaceX IPO reveals xAI’s massive $6.4 billion loss as Elon Musk ramps up AI push

SpaceX’s IPO filing revealed that Elon Musk’s AI company xAI posted a massive $6.36 billion loss in 2025 as spending on AI infrastructure and compute capacity surged. The company is aggressively expanding Grok, AI data centres, and compute-as-a-service offerings, while also exploring orbital AI data centres powered by its Starlink satellite network.