Sources: xAI co-founder Igor Babuschkin plans to raise up to $1B at an up to $5B valuation for a new AI research startup, with General Catalyst possibly leading
Draft IPO prospectus: SpaceX debt grew from $14B in 2024 to $23B in 2025, tied to a $4.5B lease deal with Valor Equity for AI equipment such as chips for xAI
Draft IPO prospectus: SpaceX debt grew from $14B in 2024 to $23B in 2025, tied to a $4.5B lease deal with Valor Equity for AI equipment such as chips for xAI
SpaceX increased its debt load by nearly two-thirds last year, to about $23 billion at the end of 2025 from $14 billion the year prior.
Sources: SpaceX lost just under $5B in 2025 while generating more than $18.5B in revenue; the financial figures include xAI, which SpaceX acquired in February
SpaceX lost just under $5 billion last year while generating more than $18.5 billion in revenue, two people familiar with the figures said.
Sources: SpaceX is floating a $2T+ valuation to prospective investors in its IPO; SpaceX's acquisition of xAI reportedly valued the combined company at $1.25T
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world's …
Sources: SpaceX is floating a $2T+ valuation to prospective investors in its IPO; SpaceX's acquisition of xAI reportedly valued the combined company at $1.25T
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world's …
Sources: X and xAI are set to repay ~$17.5B of debt in full; X took on ~$12.5B of debt during Musk's purchase, and xAI borrowed $5B via bonds and loans in June
The roughly $17.5 billion of debt tied to Elon Musk's social network X and artificial intelligence startup xAI is set to be paid back in full …
xAI all-hands: Nikita Bier says X hit $1B in ARR from selling $3- to $40-per-month subscriptions, but offered no details on ad revenue or other xAI financials
Tesla agrees to invest $2B in xAI for preferred shares as part of xAI's Series E, despite a shareholder vote in November 2025 that failed to win approval
Tesla Inc. reported fourth-quarter profit that surpassed expectations, showing the automaker is making progress toward overcoming rising costs …