SpaceX Lost $5 Billion in 2025
By Reuters | 09 Apr, 2026

The loss was reported on revenues of over $18.5 billion as Elon Musk is on track to take his space launch, satellite communications and AI firm public in June.

Elon Musk's IPO-bound SpaceX posted a loss of nearly $5 billion in 2025 on revenue of more than $18.5 billion, The Information reported on Thursday, citing sources.

Reuters could not immediately verify the report.  SpaceX did not immediately respond to a Reuters' request for comment outside regular business hours.

The loss includes Musk's artificial intelligence startup xAI, which SpaceX acquired in February, according to the report.

SpaceX is the world's most active launch company and has set out ambitions to make interplanetary travel viable. It has also outlined plans to deploy artificial intelligence data centers in orbit.

The company, which confidentially filed for a U.S. listingin March, generated about $8 billion in profit last year on revenue of $15 billion to $16 billion, Reuters reported inJanuary.

SpaceX is seeking a public listing at a potential valuation of more than $1.75 trillion.

(Reporting by Mrinmay Dey in Mexico City; Editing by Sumana Nandy and Subhranshu Sahu)