xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over

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xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over

SpaceX's IPO filing reveals xAI lost $6.4 billion in 2025 while planning a massive Grok expansion — offering the first public look at Elon Musk's AI financials and more details about his ambitions.

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