Elon Musk’s space exploration company SpaceX recorded a massive financial loss of almost $5 billion during 2025, despite bringing in more than $18.5 billion in revenue, according to a Thursday report from The Information that cited unnamed sources.
The rocket company, which is preparing for a public stock offering, did not immediately respond to requests for comment about the financial figures. Reuters was unable to independently confirm the reported numbers.
According to the report, the substantial loss incorporates costs associated with xAI, Musk’s artificial intelligence venture that SpaceX purchased in February. The acquisition appears to have significantly impacted the company’s bottom line for the year.
SpaceX has established itself as the globe’s busiest rocket launch provider and continues pursuing ambitious goals of making travel between planets a reality. The company has also announced intentions to establish artificial intelligence data processing facilities in space.
The financial results represent a dramatic shift from the previous year’s performance. In 2024, SpaceX earned approximately $8 billion in profits on revenue ranging from $15 billion to $16 billion, according to earlier Reuters reporting from January.
The company submitted confidential paperwork for a U.S. stock market listing in March and is targeting a potential market value exceeding $1.75 trillion when it goes public.
