Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Basic and Diluted Net Loss per Share

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)

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(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.

Schedule of Potentially Dilutive Securities Excluded from Calculation of Diluted 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