SpaceX’s Cloud Business Tripled Its Revenue and It Still Loses Money
SpaceX's AI segment nearly tripled its revenue in the second quarter of 2026, to $2.56 billion, after the company started renting GPU capacity to other AI companies, according to the quarterly report it filed with securities regulators on August 4, 2026. The growth came mostly from new cloud contracts. The losses came from the same place: building the capacity those contracts run on cost more than the contracts have started to pay back. AI revenue rose 247.5% from $737 million in the same… [...]
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