SpaceX reports Q1 revenue of $4.69B and a net loss of $4.28B, with AI segment revenue reaching $818M amid broader losses.
SpaceX reported first-quarter revenue of $4.69B, up from prior periods, but posted a net loss of $4.28B. Adjusted EBITDA stood at $1.13B, reflecting ongoing investment in growth initiatives.
The company’s AI segment generated $818M in revenue, while connectivity and space segments contributed $3.26B and $619M, respectively. SpaceX also projected 2025 revenue of $11.39B and operating income of $4.42B.
SpaceX recently entered a compute pact with Anysphere, signaling expansion into AI infrastructure. The results highlight heavy spending despite revenue growth.