SpaceX and xAI Made $18.7 billion in 2025 -- WSJ

Dow Jones
May 21

By Becky Peterson

SpaceX reported $4.7 billion in revenue for the first quarter of the year, and $18.7 billion in revenue for 2025, including money made from xAI, which it acquired in February.

Its satellite-internet service Starlink brought in $3.3 billion for the first quarter and $11.4 billion for the year. The space division brought in $619 million for the quarter and $4.1 billion for the year. The company's nascent AI division, which makes money from ads on the social-media site X as well as subscriptions to xAI's Grok chatbot, brought in $818 million in revenue in the first quarter and $3.2 billion last year.

The combined company reported $1.9 billion in losses in the first quarter and $2.6 billion in losses for 2025.

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May 20, 2026 17:07 ET (21:07 GMT)

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