SpaceX Spends $18.4 Billion in Q2 on AI Expansion
In the second quarter of 2026, SpaceX reported a revenue increase to $7.8 billion and reduced its net loss from $1.01 billion to $541 million. However, it spent over six times more than last year's capital expenditures (capex), reaching $18.37 billion—$15.8 billion of which was allocated toward expanding its AI business. The company acquired xAI and Cursor in 2026 to bolster its new AI division. Elon Musk anticipates that SpaceX’s AI revenue will grow from $3.5 billion in 2025 to between $700-$750 billion by 2030. The capex was primarily used for purchasing Nvidia GPUs and building high-power data centers, aiming to increase computing capacity significantly. Despite the potential of its AI business, SpaceX's expansion could continue to impact profitability in the short term as it remains unprofitable. This investment highlights a strategic shift toward artificial intelligence while maintaining operations in Starlink and rocket launch services.
Topics: AI expansion capex spending Nvidia SpaceX