Business

SpaceX's AI Division Struggles Despite Revenue

Updated 2026-05-23 17:20 UTC 1 source Negative

Elon Musk’s xAI division at SpaceX, which includes the Grok platform, reported $818 million in revenue but faced an operating loss of $2.47 billion during its last quarter. The company continues to invest heavily despite limited returns.

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MarketWatch

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.

2026-05-21 19:26 UTC