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SpaceX IPO filing reveals X has 550M users; AI tool Grok’s risky modes may cause reputational harm.

Market News
21 May 2026
Forbes
View Source
Neutral
pluang ai news

SpaceX's IPO filing disclosed that its social platform X has around 550 million monthly active users, with 117 million using its AI chatbot Grok. The filing highlighted that Grok’s 'Spicy' and 'Unhinged' modes carry risks like explicit content and misinformation, potentially harming the company’s reputation. Financially, xAI, the AI division, reported a $6.35 billion loss in 2025 on $3.2 billion revenue and continues heavy investment, with $12.7 billion spent in 2025 and $7.7 billion in early 2026. This shows SpaceX’s focus on growth despite significant operational losses and legal risks.

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Bitcoin miners face revenue drop but keep accumulating, pushing BTC price slightly above $65K.

Bitcoin miners face revenue drop but keep accumulating, pushing BTC price slightly above $65K.

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Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

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