SpaceX Spent $18.4 Billion in a Single Quarter -- $15.8 Billion of It on AI. Here's Where the Money Is Going.
SpaceX put most of its capex into SpaceXAI, its AI division.
Overview
Space Exploration Technologies (NASDAQ: SPCX) spent $18.4 billion on capital projects in the second quarter. Given the company's name, you might expect the lion's share of that to have gone toward rockets, satellites, and the like. You'd be wrong.
$15.8 billion -- about 86% -- went to its artificial intelligence (AI) segment, SpaceXAI.
Details
The rest was basically a rounding error by comparison: SpaceX put $1.4 billion into Starlink, its satellite-based internet business, and $1.2 billion into its Space business -- that is, rockets. Here's the full breakdown:
Source
Originally published at www.fool.com.
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