SpaceX Reportedly Posts Nearly $5 Billion Loss in 2025 as Revenue Tops $18.5 Billio

SpaceX posted a nearly $5 billion loss in 2025 on revenue of more than $18.5 billion, according to a report cited by Reuters. The reported result includes Elon Musk's artificial intelligence company xAI after its acquisition by SpaceX in February. Reuters said it could not immediately verify the figures, while SpaceX did not respond to a request for comment outside regular business hours.

The come at a key time for the company. SpaceX confidentially filed for a US listing in March and is seeking a valuation of more than $1.75 trillion. The company is also pushing ahead with launch operations, satellite services, and new artificial intelligence plans.

The update marks a sharp change from the prior year. SpaceX had generated about $8 billion in profit in 2024 on revenue of $15 billion to $16 billion. Against this backdrop, the reported 2025 loss adds fresh attention to the company's finances as it moves toward a possible public debut.