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xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over

xAI lost $6.4 billion last year, yet plans are in motion for grand expansions. With SpaceX's IPO revealing ambitious goals, the spending spree isn't slowing down. The race for AI dominance is fierce, and Musk is turning to orbital AI comput...

TechCrunch· May 21, 2026 · 1:21 AM · 128 views

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xAI lost $6.4 billion last year, yet plans are in motion for grand expansions. With SpaceX's IPO revealing ambitious goals, the spending spree isn't slowing down. The race for AI dominance is fierce, and Musk is turning to orbital AI compute satellites by 2028. #ElonMusk #xAI #SpaceX #AI #TechNews

Originally reported by TechCrunch. Read the full story →

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