A LinkedIn post from Polymarket highlights financial and strategic details reportedly drawn from a SpaceX IPO filing, focusing on Elon Musk’s AI venture xAI. According to the post, xAI generated $3.2 billion in revenue in 2025, up from $2.62 billion a year earlier, but incurred a $6.4 billion loss, more than four times its 2024 loss.
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The post suggests that combined SpaceX and xAI operations run Colossus and Colossus II superclusters with roughly one gigawatt of computing power, supporting the Grok AI product, which is said to have reached 117 million monthly users. It also references plans for much larger AI models with “trillions of parts” and the deployment of AI computers in space starting in 2028.
As interpreted from the post, the spending profile implies a capital-intensive strategy in which Starlink cash flows are reportedly helping finance an aggressive build-out of AI infrastructure. For investors, this framing points to a high-risk, high-investment path that could pressure near- to medium-term profitability while aiming to secure scale advantages in compute and model size.
The post further portrays xAI and SpaceX as positioning against rivals such as Anthropic and OpenAI in an escalating AI race. If the described IPO proceeds at the hinted scale, it could create a major new publicly traded vehicle with exposure to both launch infrastructure and frontier AI, but one that may be highly sensitive to execution risks and ongoing funding requirements.