SpaceX's first public earnings statement shows the financials of an AI company in 2026
Covered by 3 sources
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SpaceX's first public earnings report reveals a 92% revenue increase to $7.8B in Q2 2026, with its AI division (formerly xAI) growing revenue 247% to $2.56B. Despite reduced losses, AI-related capital expenditures surged over 2000% to $15.8B, highlighting the high costs of running AI operations.
Covered by 3 sources
- Elon Musk says SpaceX's AI revenue will outpace all its other products by next month· Business Insider
- SpaceX is barely Space and mostly X· 2 sources
- Elon Musk's 5 most noteworthy comments during SpaceX's first earnings call· Business Insider
- SpaceX has bought $329M worth of Tesla Megapacks so far this year· TechCrunch
- SpaceX made more revenue as an AI company than a space company· 2 sources
