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“SpaceX Revenue Soars to $18.5B — But $5B Loss Raises Eyebrows Ahead of IPO” 🚨🚨🚨

As anticipation builds for a potential blockbuster IPO as early as this summer, new details about SpaceX’s financials are drawing major attention.

According to a report from The Information, SpaceX generated an impressive $18.5 billion in revenue last year. However, the company also recorded a significant $5 billion loss — a figure that may give investors pause as it prepares to enter the public markets.

The reported numbers reflect the combined finances of SpaceX and xAI, which SpaceX acquired in February. While SpaceX’s core businesses — including rocket launches and its growing satellite network — continue to perform strongly, the addition of xAI appears to have weighed heavily on overall profitability.

A major factor behind the losses is xAI’s aggressive spending on infrastructure. Earlier this year, Bloomberg reported that xAI burned through approximately $8 billion in just the first nine months of 2025, largely driven by massive investments in data centers to support its AI ambitions.

With its IPO looming, the key question for investors is whether SpaceX’s high-growth revenue can outweigh its mounting costs — especially as it integrates capital-intensive AI operations into its business model.