xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over | TechCrunch
Elon Musk’s xAI lost $6.4 billion from operations on just $3.2 billion in revenue in 2025, according to SpaceX’s IPO filings . …
Elon Musk’s xAI lost $6.4 billion from operations on just $3.2 billion in revenue in 2025, according to SpaceX’s IPO filings . …
… The confidential IPO filing allows OpenAI to start its preparation for a public offering without publicly disclosing detailed financial information or business risks, which is why the company hasn’t shared stock pricing or how much it hopes to raise yet. …
… Per the filing, Musk will be the CEO, CTO, and chairman of the SpaceX board after the IPO. …
… SpaceX acknowledges the risks in its IPO filing. “We currently rely significantly on natural gas and gas turbine technology to power our data center operations,” it wrote. …
… The rule change is particularly relevant as SpaceX — which is expected to allocate unprecedented IPO share to retail investors — and a string of other buzzy and high-profile AI and tech startups begin queuing up for IPOs. …
… Interestingly, this info about Anthropic’s alleged profitability dropped the same day as news broke about OpenAI likely filing for its IPO soon . …
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