SpaceX reveals IPO filing showing Musk's AI losses while betting company's future on becoming an AI powerhouse

SpaceX disclosed its IPO filing on Wednesday, laying bare how much Elon Musk is losing on artificial intelligence while the company stakes its future on transforming into an AI powerhouse.

Much of SpaceX's outlook relies on dominating technologies and markets that do not yet exist — from Mars missions to AI data centers in space.

Musk's track record includes turning Tesla into the most valuable auto company in the world, developing the world's first fully reusable rocket, and building the largest satellite network.