xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over | TechCrunch
… The filing marks the first public glimpses into xAI, and therefore X’s, financials. In 2024, xAI recorded a loss of $1.56 billion on $2.62 billion in revenue. By 2025, losses had ballooned to $6.4 billion on $3.2 billion, meaning the gap between what xAI earns and spends is widening. …