Elon Musk's rocket company SpaceX reportedly posted a loss of around $5 billion in 2025 on revenue of more than $18 billion. The loss, reported by The Information, includes metrics from Musk's AI startup xAI, which SpaceX acquired recently. These figures mark a stark contrast from a year earlier's data when SpaceX recorded profits of $8 billion on revenues between $15 billion and $16 billion.
Now, this development comes in the backdrop of SpaceX confidentially filing for its initial public offering (IPO) on the US stock market at a massive valuation of $1.75 trillion. The filing will offer regulators time to review and discuss the company's financial disclosures before the public can access them. The SpaceX IPO could close in June as rivals like OpenAI plan to go public later this year. OpenAI said this week it closed a $122 billion funding round.
