
SpaceX Lost Nearly $5 Billion Last Year as Revenue Surpassed $18.5 Billion

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SpaceX reported over $18.5 billion in revenue last year, but incurred a net loss of nearly $5 billion due to its acquisition of AI company xAI. These newly disclosed consolidated financial figures suggest that the commercial space giant's pursuit of the largest IPO in history may involve a significant gamble on an AI venture without a mature business model, beyond its established "Starlink" and rocket businesses
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