#financials

xAI Financials Revealed in SpaceX IPO Filing: $2.47B Quarterly Loss Amid Explosive $12.7B Annual CapEx

SpaceX's IPO prospectus reveals xAI lost $2.47 billion on $818 million revenue in Q1 2026, with $12.7 billion in capital expenditures in 2025 alone, providing the most detailed picture yet of frontier AI model economics.