SpaceX showed a loss of $2.47 billion from AI in its IPO prospectus. Musk hopes to profit from flights to Mars and orbital data centers
SpaceX, in its initial public offering (IPO) filing, disclosed the scale of losses from artificial intelligence, Reuters reports . The company's AI division, formed after the acquisition of xAI, generated a loss of $2.47 billion in the first quarter of 2026 on revenue of just $818 million. This follows from the prospectus that Elon Musk filed with the US Securities and Exchange Commission on Wednesday, May 20.