SpaceX spends $15.8bn on AI compute infrastructure in Q2
This digest was compiled by AI from multiple sources — links to the originals are below.
SpaceX spent $15.828 billion on AI capital projects in the second quarter of 2026, or 86.2% of its $18.369 billion total capital expenditure. The quarterly AI figure was 4.13 times the $3.832 billion the Space segment spent across all of 2025. The AI segment recorded a $1.257 billion operating loss on $2.561 billion in revenue.
Key Facts
- SpaceX's AI capital expenditure more than doubled from $7.723 billion in the first quarter of 2026 to $15.828 billion in the second quarter.
- First-half 2026 AI capital expenditure reached $23.551 billion, or 82.7 percent of SpaceX's $28.476 billion total capital expenditure.
- SpaceX ended June 2026 with 1.4 gigawatts of nameplate compute capacity, up from 1 gigawatt in March 2026 and 400 megawatts a year earlier.
- The AI segment recorded $1.885 billion in depreciation and amortisation in the second quarter, alongside $1.6 billion in new AI infrastructure revenue.
- SpaceX disclosed $295 million in Tesla Megapack purchases during the second quarter of 2026.
AI Capital Spending
SpaceX allocated $15.828 billion to AI capital projects in the three months ended 30 June 2026. The quarterly total was 4.13 times the $3.832 billion the company's Space segment spent across all of 2025. AI accounted for 86.2 percent of SpaceX's $18.369 billion total second-quarter capital expenditure, while Connectivity received $1.367 billion and Space received $1.174 billion. First-quarter AI capital expenditure was $7.723 billion, meaning the category more than doubled in the second quarter. Across the first six months of 2026, SpaceX put $23.551 billion into AI capital projects, 82.7 percent of the $28.476 billion total.
AI Segment Financials
SpaceX's AI segment generated $2.561 billion in second-quarter revenue, including $1.6 billion of new AI infrastructure revenue. The AI segment recorded an operating loss of $1.257 billion and depreciation and amortisation of $1.885 billion. Capital expenditure is recorded as an asset and recognised as expense through depreciation over its useful life, not as a single quarterly charge. SpaceX described roughly $15.8 billion as supporting the build-out of AI compute infrastructure, a term covering accelerators, servers, networking, storage, buildings, substations, generation, cooling and construction. SpaceX bought $295 million of Tesla Megapacks during the quarter.
Compute Capacity Growth
SpaceX ended June 2026 with 1.4 gigawatts of nameplate compute capacity, up from 1 gigawatt in March 2026 and 400 megawatts a year earlier. The company said it expects to exceed 2 gigawatts of nameplate compute capacity by the end of 2026. Compute infrastructure is not a single purchase of Nvidia chips; it includes data centre systems that turn processors into sellable computing capacity.
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SpaceX spends $15.8bn on AI compute infrastructure in Q2
