SpaceX Capex Jumps Sixfold to $18.4B With Over 80% Going to AI; Shares Drop 12% on First Post-IPO Earnings
CNBC·high signal
SpaceX reported Q2 capital expenditures of $18.4 billion — more than double its total quarterly sales and a sixfold year-over-year increase — with well over 80% directed at AI compute to compete with Microsoft, Amazon and Google. Shares fell more than 12% in the company's first earnings report since its June IPO. Musk said orbital data center deployment begins next year, targeting 20 GW of power and cooling by end of 2027, and reaffirmed a $1 trillion annual revenue goal by 2030.