
BRENDAN SMIALOWSKI/AFP via Getty Images Elon Musk constructed his personal mythology around a pair of weighty accomplishments: building actual, stable businesses around both rockets and electric cars. So far, he has yet to accomplish the same thing around his AI business. According to documents obtained by Bloomberg, xAI recorded a net loss of $1.46 billion over the third quarter of 2025. That’s an even worse loss than previous months — in the first quarte