Investment
Features
FeesSafety
Academy
More
Pluang+

Elon Musk's xAI lost $6.4B on $3.2B revenue in 2025, with plans to scale AI and increase spending.

Market News
20 May 2026
TechCrunch
View Source
Neutral
pluang ai news

Elon Musk's AI company xAI, merged with SpaceX, reported a $6.4 billion loss on $3.2 billion revenue in 2025, showing widening losses despite growing revenue. The company plans to scale its AI model Grok to multiple trillions of parameters, requiring significant investment in computing infrastructure. SpaceX aims to deploy orbital AI data centers by 2028 to reduce costs, marking an ambitious push in AI development. This IPO filing reveals xAI's financials and Musk's vision to dominate AI with massive compute power and vertical integration.

More News

TDb Split Corp. announces 15-for-100 Class A share split and boosts total distributions by 15%.

TDb Split Corp. announces 15-for-100 Class A share split and boosts total distributions by 15%.

TDb Split Corp. plans a 15-for-100 share split for its Class A shares, effective for shareholders of record on July 24, 2026, pending TSX approval. Following the split, shareholders will receive the same $0.05 monthly cash distribution per share, eff...

Company Fundamentals
Bullish
27 minutes ago
Deadline nears for investors to lead class actions against BMI, PICS, VRRM, and others over alleged securities fraud.

Deadline nears for investors to lead class actions against BMI, PICS, VRRM, and others over alleged securities fraud.

Law Offices of Howard G. Smith reminds investors of upcoming deadlines to file lead plaintiff motions in securities fraud class actions involving Badger Meter, PicS N.V., Verra Mobility, and Grail, Inc. The lawsuits allege these companies made mislea...

Market News
Bearish
2 hours ago
Big Ten debuts immersive fan experience at Fanatics Fest NYC, boosting college sports exposure.

Big Ten debuts immersive fan experience at Fanatics Fest NYC, boosting college sports exposure.

Assembli Events & Production is creating the Big Ten Conference's first fan activation at Fanatics Fest NYC, held July 16-19, 2026. This event marks the Big Ten as the first collegiate conference to join the premier sports fan festival, showcasing tr...

Others
Neutral
2 hours ago
State Street reports strong Q2 with EPS $3.65 and record $6.28T assets under management

State Street reports strong Q2 with EPS $3.65 and record $6.28T assets under management

State Street posted strong Q2 results with earnings per share of $3.65, beating estimates and up from $2.53 last year. Quarterly revenue reached $4.05 billion, driven by a 17.2% rise in fee revenues and 18% growth in net interest income. Assets under...

Company Fundamentals
Bullish
3 hours ago
Denali offers natural fertilizer to help U.S. farmers cut costs amid volatile fertilizer prices.

Denali offers natural fertilizer to help U.S. farmers cut costs amid volatile fertilizer prices.

U.S. farmers face high and unstable fertilizer prices due to global shipping disruptions, with nearly 70% unable to afford needed fertilizer this season. Denali Water Solutions provides a natural, low-cost fertilizer alternative made from recycled or...

Market News
Neutral
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App