Funding · TechCrunch AI ·
xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over
SpaceX’s IPO filing disclosed that xAI lost $6.4 billion in 2025 and is planning a large expansion of Grok. The filing provides one of the first public glimpses into Elon Musk’s AI financials and spending plans.