SpaceX Filings Detail xAI Cash Drain and Musk Company Links
Recent financial filings from SpaceX reveal that Elon Musk's artificial intelligence venture, xAI, is drawing significant cash from the rocket company. The disclosures highlight the intricate financial relationships within Musk's network of businesses.
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Elon Musk’s xAI is draining SpaceX’s cash, with little to show for it
SpaceX’s AI division, which houses the Grok platform, generated $818 million of revenue in its last quarter, resulting in an operating loss of $2.47 billion.
By William Gavin
Read full article →What SpaceX's filing shows about Elon Musk's web of companies
Elon Musk's companies pay each other hundreds of millions of dollars a year, according to SpaceX's S-1. ODD ANDERSEN/AFP via Getty Images The newly public SpaceX S-1 reveals how closely Elon Musk's companies are connected. Last year, SpaceX was involved in more than $660 million worth of payments, goods, and services with the ventures. Here's a look at how SpaceX is intertwined with Tesla, The Boring Company, and more. Step right up to Elon Musk's financial merry-go-round. Tucked more than ...
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