SpaceX Files IPO Filing Showing Substantial Losses and Musk’s Control Amid AI Expansion

SpaceX filed for an initial public offering (IPO), revealing significant losses, particularly in its AI division. The company reported a $1.94 billion operating loss in Q1 2026 despite generating $4.69 billion in revenue. Elon Musk's acquisition of xAI contributed heavily to the financial burden and capital spending.

By Echo Wang and Manya Saini Wed, May 20, 2026 at 11:46 PM GMT+3 5 min read · Yahoo Finance · May 20, 2026, 20:46 UTC

Topics: AI investment Elon Musk control IPO SpaceX losses

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