SpaceX incurred a loss of nearly $5 billion dollars last year due to investments in AI.

Two informed sources revealed that SpaceX had a loss of nearly $5 billion last year, while revenue exceeded $18.5 billion. The loss figure includes expenses related to xAI - the artificial intelligence company founded by Elon Musk was acquired by SpaceX in February of this year. The net loss and other financial data after the merger of SpaceX and xAI have not been disclosed publicly before. SpaceX is preparing for what is expected to be the largest initial public offering in history, during which it is keeping its financial situation strictly confidential. This loss figure indicates that investors participating in the IPO are essentially providing funds for Musk's unverified artificial intelligence vision in exchange for a stake in this high-performing commercial aerospace and telecommunications company.