SpaceX CFO Bret Johnsen discussed growth in the company’s SI business ventures.
“For SI solutions and infrastructure, revenues were $7 billion, of which $608 million came from the Cursor acquisition, closed roughly mid-quarter. And even excluding Cursor, SI solutions and infrastructure revenues grew $192% sequentially, driven primarily by the activation of new cloud services agreements.”
Johnsen said the AI compute business for clients like AI labs and other companies was robust.
SpaceX SI compute slide from its Q3 shareholder deck ยท SpaceX
“There are many customers asking for compute, and we’re actively building the supply to meet both internal and external demand. We expect to have additional new customers in future deals and will continuously evaluate the highest margin usage for our compute assets, across both new and existing cloud service agreements, and serving inference for our own SI products. What we’re seeing in the market is extraordinary.”
Johnsen added that at current pricing, new compute deployments are generating a payback of less than a year, with pricing “currently tracking slightly above the high end of the 30 to $50 per watt range.”