Elon Musk’s SpaceX reportedly recorded a loss of nearly $5 billion last year, despite raking in over $18.5 billion in revenue.
The loss incurred by SpaceX includes figures from xAI, an artificial intelligence firm founded by Musk and acquired by SpaceX in February 2026.
The financial data, which consolidates the performance of both SpaceX and xAI, has only recently been disclosed, according to The Information on Thursday.
This is a stark contrast to Reuters January reports of its robust financial performance, where profits topped $8 billion, on revenues ranging from $15 billion to $16 billion.
SpaceX did not immediately respond to Benzinga‘s request for comment.
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