xAI Reveals $6.4B Loss and Environmental Controversy as SpaceX Files for Historic IPO
SpaceX’s long-awaited IPO filing has laid bare the financial and regulatory challenges facing Elon Musk’s AI division xAI, which lost $6.4 billion from operations on $3.2 billion in revenue in 2025 — a widening gap from its $1.56 billion loss on $2.62 billion in revenue the year before. Capital expenditure is accelerating sharply, reaching $7.7 billion in […]