SpaceX reports $5B loss ahead of record IPO

SpaceX, Elon Musk's space exploration company, has reported a staggering loss of nearly $5 billion for the year 2025. The news comes despite the company raking in over $18.5 billion in revenue during the same period. This marks a stark contrast from a year earlier's performance when SpaceX had posted an estimated profit of around $8 billion on revenues between $15 billion and $16 billion.

The massive loss is primarily attributed to the integration of xAI, Musk's artificial intelligence company that SpaceX acquired in February. The move is part of SpaceX's strategy to expand its reach into advanced computing and AI-driven infrastructure. Along with this, the company's aggressive investment in next-gen technologies like reusable rockets, interplanetary travel capabilities, and space-based data infrastructure are also contributing factors.