SpaceX IPO filing reveals significant AI investment

SpaceX has publicly filed for its IPO, revealing substantial investments in artificial intelligence. The aerospace giant, founded by Elon Musk, has directed approximately 60% of its capital spending, around $20 billion, towards its AI division in 2025. Despite this significant allocation, the AI division, which includes the Grok chatbot, incurred billions in losses last year and saw revenue growth of only 22%, lagging behind other frontier AI labs. The filing also details SpaceX's overall financial performance, including a $4.9 billion loss in 2025 on over $18 billion in revenue, with Starlink being the primary revenue driver.