SpaceX lost nearly $5 billion last year, with AI investments being a major drag on its finances.

SpaceX Posts Nearly $5B Loss in 2025 on Heavy AI Infrastructure Spending

SpaceX posted a loss of nearly $5 billion in 2025, weighed down by surging AI infrastructure and compute costs.

The company is accelerating its push into AI and high-performance computing, including data center buildouts and compute purchases, to support long-term strategies for its satellite network and automation systems. But the heavy capital spending has taken a significant bite out of short-term profitability.

Despite the steep loss, markets broadly expect SpaceX's core revenue drivers—including Starlink—to keep growing. The AI investment is seen as forward-looking, aimed at sharpening the company's edge in communications and space data processing.