SpaceX Bled Nearly $5B Last Year Despite $18.5B in Revenue
SpaceX posted a massive loss last year even as it pulled in over $18.5 billion in revenue, per sources.
SpaceX racked up nearly $5 billion in losses last year, even while hauling in more than $18.5 billion in revenue, according to sources familiar with the company's financials.
That's a striking gap. The rocket company is generating serious top-line numbers but burning through cash at a staggering pace.
One important caveat: the loss figure reportedly includes xAI, Elon Musk's artificial intelligence venture. That means SpaceX's standalone financials may look somewhat different — but the combined picture still paints a company deep in the red despite massive revenue.
The figures, first reported by The Information's Cory Weinberg, come from two people with knowledge of the numbers. They underscore the enormous capital demands of running both a space launch business and a fledgling AI company simultaneously.