SpaceX records $5 billion annual loss ahead of IPO - Media
The company plans to launch the largest offering in history as early as June
The loss includes the performance of artificial intelligence startup xAI, which SpaceX announced in February / Photo: Walter Cicchetti/Shutterstock
Elon Musk's SpaceX, which is preparing to go public this summer, recorded a loss of nearly $5 billion in 2025 on revenue of more than $18.5 billion, The Information reported, citing sources.
This loss includes the performance of artificial intelligence startup xAI, the acquisition of which SpaceX announced in February, writes Reuters.
Reuters could not immediately confirm the figures provided by The Information's sources on the losses. SpaceX also did not respond to the agency's request for comment. In January, Reuters, citing its own sources familiar with the situation, reported that last year SpaceX, which launches rockets and provides Internet via satellites, made a profit of about $8 billion on revenues of $15 to $16 billion.
SpaceX confidentially filed for a US listing in March. The filing at the beginning of the year will allow the startup to float in June and thus become the first of a possible three mega-IPOs this year, ahead of OpenAI and Anthropic - AI developers ChatGPT and Claude, Bloomberg wrote.
SpaceX is seeking a public offering with a potential valuation of more than $1.75 trillion, a listing of that size could be the largest in history, Bloomberg noted.
This article was AI-translated and verified by a human editor
