Elon Musk's xAI reported an operating loss of $6.36 billion (over ₹61,300 crore) in 2025, a surge of about 308% from $1.56 billion in 2024, SpaceX's IPO filings show. However, the company's revenue rose 22% YoY to $3.2 billion in 2025. xAI reported a $2.47-billion loss in 2026's first quarter, up 163.9% from the same quarter of the previous year.