SpaceX's AI revenue tripled to $2.6 billion, driven by compute deals with other AI companies, outpacing its space business.
SpaceX's quarterly earnings show AI revenue grew more than three times to $2.6 billion, largely from deals to provide compute to other AI companies. That figure now exceeds revenue from SpaceX's core space launch and satellite business.
The pivot underscores how Elon Musk's companies are converging around AI infrastructure, with SpaceX buying $329 million in Tesla Megapacks this year to power its own data center ambitions.
A rocket company generating more revenue from AI compute than spaceflight is a signal of how lucrative neocloud economics have become, and how far companies will stretch their core business to capture it. It also shows Musk's empire operating as a single vertically integrated AI stack, from power to compute to models.
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