Elon Musk's SpaceX posted a loss ​of $5 billion in 2025, driven by increased AI investment, The Information reported. This is a decline from a year earlier's performance when SpaceX recorded $8 billion profit. The loss includes ​Musk's startup xAI, which SpaceX has reportedly acquired. This comes ahead of planned IPO that could value SpaceX at up to $1.75 trillion.