The following table presents the reconciliation of net loss attributable to common shareholders to net loss used in computing basic and diluted net loss per share of common stock:




	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss	$	(541)	$	(1,008)	$	(4,817)	$	(1,536)
Less: Deemed dividend(1)	—		—		671		—

Net loss attributable to common shareholders - basic and diluted	$	(541)	$	(1,008)	$	(5,488)	$	(1,536)






Denominator:
Weighted average shares of common stock outstanding - basic and diluted	5,864		2,929		4,879		2,902







Net loss per share attributable to common shareholders
Basic and Diluted	$	(0.09)	$	(0.34)	$	(1.12)	$	(0.53)

(1)The excess of fair market value over the consideration transferred for the repurchase of SpaceX Redeemable Convertible Preferred Stock was treated as a deemed dividend and resulted in an increase to net loss attributable to common shareholders in the calculation of net loss per share.

The following potentially dilutive securities on an as-converted basis are excluded from the calculation of diluted net loss per share attributable to common shareholders for the periods presented because the impact of including them would be anti-dilutive:




	As of June 30,
		2026	2025
xAI Redeemable Convertible Preferred Stock		—	1,220
SpaceX Redeemable Convertible Preferred Stock		—	6,760
Share-based compensation		564	669

The table above excludes 1,331 million and 13.5 million share-based compensation awards outstanding as of June 30, 2026 and 2025, respectively, as these awards are subject to performance and market conditions that were not met as of those dates.