According to two individuals with insider knowledge of the situation, SpaceX disclosed a financial loss nearing $5 billion for the year 2025, despite generating revenue in excess of $18.5 billion over the same timeframe. These financial metrics encompass the operational results of xAI, a company that SpaceX acquired in February of this year. Prior to this revelation, such comprehensive financial information had remained undisclosed. Notably, SpaceX is now gearing up for a public listing, a move anticipated to rank among the most significant initial public offerings in history.
