LOS ANGELES: Tesla Inc has generated around US$890 million (RM3.529bil) in revenue from SpaceX and xAI since 2023, a substantial sum underscoring the extent of commingling across Elon Musk's business empire.
In a regulatory filing released Wednesday, Musk's recently combined rocket maker and artificial intelligence enterprise disclosed the purchase of about $131 million (RM519mil) worth of Tesla Cybertrucks last year, confirming an earlier Bloomberg News report.
The bulk of the transactions - including $506 million (RM2bil) in 2025 and $191 million (RM757mil) the year prior - involved Tesla selling Megapack energy-storage batteries to xAI, which SpaceX acquired in February.
The figures were revealed in a prospectus detailing SpaceX's operations and finances ahead of a planned initial public offering.
Tesla previously disclosed portions of the sales in a regulatory filing last month.
Musk's companies have long been intertwined through financial investments, business agreements and overlapping investor bases, and they sometimes even share employees.
Tesla and SpaceX are joining forces on a semiconductor manufacturing plant that their chief executive officer refers to as Terafab.
SpaceX also disclosed Wednesday that it will add Tesla director Ira Ehrenpreis, 57, to its board of directors, along with Randy Glein, 60.
Ehrenpreis has served on Tesla's board since 2007.
Glein has been a board observer at SpaceX since 2009.
In addition to Tesla and SpaceX, Musk also oversees the Boring Co and Neuralink.
Musk's stakes in his increasingly valuable businesses have made him the richest person in the world, according to the Bloomberg Billionaires Index.
