Market
Grok Could Undermine SpaceX IPO
YahooMay 22, 2026
Morningstar warned, āāFinancials Look Recklessā: Lifting xAIās Hood in the SpaceX IPOā. Its AI division, xAI, lost $2.47 billion on $818 million in the first quarter of this year. āIf you compare xAI to a traditional SaaS company, the financials look reckless,ā Harrison Rolfes, a senior research analyst at PitchBook, wrote. That may be a ... Grok Could Undermine SpaceX IPO
