SpaceX swings to nearly $5 billion loss in 2025 ahead of IPO push: Report

Elon Musk’s SpaceX posted a loss of nearly $5 billion in 2025, even as revenues surged past $18.5 billion, The Information reported on Friday.

The reported loss marks a sharp reversal from the company’s performance a year earlier, when it generated around $8 billion in profit on revenues estimated between $15 billion and $16 billion. The swing highlights the growing costs tied to expansion bets and new technology investments.

A key factor behind the loss is said to be the integration of xAI, Musk’s artificial intelligence venture, which SpaceX acquired in February. The addition of xAI reflects the company’s push to deepen its footprint in advanced computing and AI-driven infrastructure.

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SpaceX, led by billionaire entrepreneur Elon Musk, remains the world’s most active launch provider, with a dominant share of global rocket launches. The company has been investing heavily in next-generation technologies, including reusable rocket systems, interplanetary travel capabilities, and space-based data infrastructure.

It has also outlined ambitious plans to deploy artificial intelligence-powered data centres in orbit—an initiative that could significantly increase capital expenditure in the near term while potentially opening new revenue streams over the longer horizon.