Elon Musk's xAI Burns Almost $8 Billion, Reveals Optimus Plan
Published on: Jan. 9, 2026, 10:08 p.m. | Source: NDTV Profit
Elon Musk’s artificial intelligence startup xAI is burning cash quickly, with losses mounting as it spends to build data centers, recruit talent and develop software that will eventually power humanoid robots, according to internal documents. XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, the documents reviewed by Bloomberg show. In the first nine months of the year, it spent $7.8 billion in cash.
