xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over

# xAI's Massive Losses Show Elon Musk's Serious Bet on AI Elon Musk's AI company xAI lost $6.4 billion last year and isn't slowing down—according to documents filed for SpaceX's potential stock offering, the company plans to spend even more money expanding its Grok chatbot service. This reveals just how expensive it is to compete in the AI race, where companies must invest billions in computing power and talent to keep up with rivals like OpenAI and Google.