SpaceX AI Revenue Beats Rocket Revenue in 2026
AI division revenue reached $2.6 billion, surpassing space launch revenue.
On August 4 2026, SpaceX disclosed that its artificial intelligence (AI) division revenue reached $2.6 billion, more than three times the previous year’s amount. The increase was mainly driven by contracts to provide compute capacity to other AI companies.
AI Revenue Growth
The numbers show that AI has become the company’s primary source of value, as indicated in its initial public offering (IPO) documents. The quarterly report also noted that the AI division lost $1.5 billion this quarter, slightly below the same metric from last year.
Strategic Contracts with Anthropic and Google
SpaceX entered agreements with Anthropic in May and with Google in June, providing compute capacity to both. These deals put the company in direct competition with other specialized cloud providers, such as CoreWeave.
Infrastructure and Capital Investments
To sustain the expansion, capital expenditures reached $18.37 billion. Elon Musk said in an investor call: “We’re building AI compute capacity at scale faster than anyone else, we believe, and we’re significantly improving our AI models,” Elon Musk said on an investor call.
Performance of Space and Connectivity Segments
The space segment recorded $962 million in revenue, while the Starlink satellite internet service generated $4.2 billion. SpaceX remained the largest user of its own rockets.
Acquisitions and Future Plans
Before the IPO, the company leased data-center capacity originally built for internal use. It also announced intent to acquire the startup Cursor, which offers an enterprise AI product; the deal has not yet closed, but Musk said they are “close to that” without speeding up regulatory approval.
Market Reaction and Reduced Losses
Although still posting a loss, the negative figure shrank to $143 million this quarter. SpaceX’s shares fell after market close, even though they showed an initial surge of enthusiasm. The June IPO was described as the largest in the company’s history.
With information from The Verge.
Source: The Verge