SpaceX AI revenue hits $2.6B — but it’s still losing $1.5B
spacex's ai revenue tripled to $2.6b due to compute deals with anthropic and google, but the division still lost $1.5b. it signals that despite high demand, the capital costs of building foundational infrastructure are bleeding even deep-pocketed players dry.
spacex's ai division generated $2.6b in revenue this quarter, more than tripling year-over-year, fueled by agreements to provide compute for anthropic and google. the financial filings reveal the high cost of this expansion, with the ai unit losing $1.5b and total capital expenditures reaching $18.37b as it competes with specialized neoclouds like coreweave. while spacex narrowed its overall net loss to $143m and beat analyst expectations, the heavy spending on ai and starship development continues to strain finances. investors are watching closely to see if musk's strategy—using space-based data centers to support a market larger than the us gdp—can eventually bridge the gap between soaring revenue and profitability.