What Happened
Elon Musk's AI Venture Sees Significant Financial Losses
Elon Musk’s xAI company has reported a $6.4 billion loss in 2025, despite generating $3.2 billion in revenue. The financial figures were disclosed in documents filed for SpaceX’s Initial Public Offering (IPO), which is expected to be one of the largest in history. The company plans to scale its Grok model to a ‘multi-trillion parameter’ level, requiring significant investments in computing power. According to reports from Techcrunch.com, SpaceX is planning to launch orbital data centers starting in 2028 to reduce costs and increase efficiency. This was reported by Unknown Source.