SpaceX reported a nearly $5 billion loss in 2025 despite strong revenue, partly due to its acquisition of xAI. The company remains profitable overall and is pursuing an IPO, aiming for a valuation above $1.75 trillion while advancing space travel and AI ambitions.

SpaceX posted nearly $5 billion loss in 2025: The Information

Synopsis

SpaceX reported a nearly $5 billion loss in 2025 despite strong revenue, partly due to its acquisition of xAI. The company remains profitable overall and is pursuing an IPO, aiming for a valuation above $1.75 trillion while advancing space travel and AI ambitions.

Elon Musk's IPO-bound SpaceX posted a loss of nearly $5 billion in 2025 on revenue of more than $18.5 billion, The ‌Information reported ⁠on ⁠Thursday, citing sources.

Reuters could not immediately verify the report. SpaceX did not immediately respond to a Reuters' request for comment outside regular business hours.

The loss includes Musk's artificial intelligence ⁠startup xAI, ‌which SpaceX acquired in February, according to the report.

SpaceX is the world's most active launch company and has set out ambitions to make interplanetary travel viable. It has also outlined plans to deploy artificial intelligence data centres in orbit.

The company, ‌which confidentially filed for a U.S. listing in March, generated about $8 billion in ⁠profit last year on revenue of $15 billion to $16 billion, Reuters reported in January.

SpaceX is seeking a public listing at a potential valuation of more than $1.75 trillion.

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