SpaceX Spent $18.4 Billion in a Single Quarter -- $15.8 Billion of It on AI. Here's Where the Money Is Going.
SpaceX's AI spending spree continues as it tries to achieve its ambitious goals.
In the second quarter of 2026, SpaceX reported a staggering $18.4 billion spent, with $15.8 billion of that amount directed towards its burgeoning AI business. The company's revenue for the quarter doubled year over year to $7.8 billion, while its net loss narrowed from $1.01 billion to $541 million. However, SpaceX's total capital expenditures (capex) surged more than sixfold, from $2.83 billion to $18.37 billion, as it poured resources into expanding its AI capabilities.
Originally, SpaceX operated two main businesses: Starlink satellite internet services and rocket launch services. In February 2026, the company acquired xAI, which owns AI assets such as Grok and X, in an all-stock transaction, and later added the AI startup Cursor to its portfolio. Elon Musk has projected that SpaceX's AI revenue could skyrocket from $3.5 billion in 2025 to a staggering $700-$750 billion by 2030.
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