SpaceX's AI business posted a $6.4 billion operating loss in 2025, up from a $1.6 billion loss a year earlier, as the company invests in gigawatt-scale AI infrastructure.

SpaceX's AI segment reported an operating loss of $6.4 billion in 2025, compared with a $1.6 billion loss in 2024. Segment-adjusted EBITDA swung to a loss of $1.2 billion from a positive $300 million in 2024 as the company ramped spending on compute infrastructure and growth initiatives.

The company has deployed AI training clusters with more than 1 gigawatt of nameplate compute draw and expects a multi-year investment cycle before the segment reaches sustained profitability. Long-term plans include selling AI compute, selling AI intelligence, designing its own chips, and deploying orbital AI compute infrastructure.

SpaceX estimates the AI opportunity across infrastructure, enterprise applications, subscriptions and advertising at roughly $26.5 trillion. The strategy mirrors the playbooks of Amazon.com, Inc. and Meta Platforms, Inc., which sacrificed near-term profits to build cloud and data-center infrastructure.