SpaceX, led by Elon Musk and gearing up for an initial public offering, reported a loss of approximately $5 billion in 2025 against revenue exceeding $18.5 billion, as detailed in a Thursday report by The Information, based on insider sources. Reuters was unable to confirm the details right away. The company did not reply to a Reuters inquiry for comment made after normal operating hours. The reported loss accounts for xAI, Musk’s AI venture, which SpaceX bought in February, per the report. As the leading provider of launch services globally, SpaceX aims to enable travel between planets and intends to establish AI computing facilities in space. In the prior year, the firm achieved roughly $8 billion in profits from revenue between $15 billion and $16 billion, according to a January Reuters report. SpaceX, which submitted confidential paperwork for a U.S. stock market debut in March, is targeting an IPO with a valuation potentially surpassing $1.75 trillion.
