SpaceX Posted Nearly $5 Billion Loss Last Year from AI Spending

SpaceX lost just under $5 billion last year while generating more than $18.5 billion in revenue, two people familiar with the figures said. The loss figure includes xAI, the Elon Musk-founded artificial intelligence company that SpaceX acquired in February. The net loss, as well as other financial figures that consolidate SpaceX and xAI’s performance, haven’t been previously reported.

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