SpaceX Spent $18.4 Billion in a Single Quarter -- $15.8 Billion of It on AI. Here's Where the Money Is Going.
Yahoo Finance ·
Space Exploration Technologies ( SPCX +6.42% ) spent $18.4 billion on capital projects in the second quarter. Given the company's name, you might expect the lion's share of that to have gone toward rockets, satellites, and the like. You'd be wrong. $15.8 billion -- about 86% -- went to its artificial intelligence (AI) segment, SpaceXAI. The rest was basically a rounding error by comparison: SpaceX put $1.4 billion into Starlink, its satellite-based internet business, and $1.2 billion into its Space business -- that is, rockets. Here's the full breakdown: The bulk of those AI dollars went toward compute infrastructure -- the data centers, specialized chips, networking equipment, and power and cooling systems needed to train and run AI models. SpaceXAI increased its compute capacity from 1 gigawatt (GW) in the first quarter to 1.4 GWs in the second quarter. That's roughly enough energy to power more than 1 million homes.
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