{"id":598662,"date":"2026-08-20T01:20:17","date_gmt":"2026-08-20T01:20:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/598662\/"},"modified":"2026-08-20T01:20:17","modified_gmt":"2026-08-20T01:20:17","slug":"spacex-spent-18-4-billion-in-a-single-quarter-15-8-billion-of-it-on-ai-heres-where-the-money-is-going","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/598662\/","title":{"rendered":"SpaceX Spent $18.4 Billion in a Single Quarter — $15.8 Billion of It on AI. Here’s Where the Money Is Going."},"content":{"rendered":"\n

In the second quarter of 2026, SpaceX’s (NASDAQ: SPCX) revenue surged 92% year over year to $7.8 billion, and it narrowed its net loss from $1.01 billion to $541 million. However, its total capex surged more than sixfold year over year, from $2.83 billion to $18.37 billion. It allocated $15.8 billion of that capex to expanding its AI business<\/a>. Let’s see where all that money went. <\/p>\n

\"A<\/a> Image source: Getty Images. <\/p>\n

Missed Nvidia in 2009? This Rare Signal Is Flashing Again.\u00a0In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same “Total Conviction” signal is flashing for a company 1\/100th the size of Nvidia.\u00a0Continue \u00bb<\/a> <\/p>\n

What AI investments did SpaceX make? <\/p>\n

SpaceX originally operated two main businesses: its Starlink satellite internet services and its rocket launch services. But in Feb. 2026, it acquired xAI — which owns Grok, X, and its other AI assets — in an all-stock transaction to form its new AI business. It also acquired the AI start-up Cursor earlier this month. Elon Musk believes its AI revenue will jump from $3.5 billion in 2025 to $700-$750 billion<\/a> in 2030. <\/p>\n

To sow the seeds for that expansion, SpaceX spent most of its second-quarter capex on Nvidia’s (NASDAQ: NVDA) data center GPUs and other AI accelerators. The rest was used to deploy, acquire, and build more high-power data centers to increase its active capacity from 1.4 GW today to its target of 10 GW by next year. <\/p>\n

That would give it a lot more bandwidth to handle its multi-billion-dollar compute hosting contracts with external enterprise clients. However, the expansion of that unprofitable AI business could offset Starlink’s profits and keep its bottom line in the red. <\/p>\n

Should you buy stock in Space Exploration Technologies right now? <\/p>\n

Before you buy stock in\u00a0Space Exploration Technologies, consider this: <\/p>\n

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