SpaceX Spent $18.4 Billion in a Single Quarter -- $15.8 Billion of It on AI. Here's Where the Money Is Going.

SpaceX's capital expenditure surged sixfold year-over-year to $18.4 billion in Q2 2026, with $15.8 billion allocated to AI expansion. The company is investing heavily in Nvidia GPUs and data center infrastructure to scale from 1.4 GW to 10 GW capacity, supporting its ambitious goal to grow AI revenue from $3.5 billion in 2025 to $700-750 billion by 2030. However, the unprofitable AI business expansion could offset Starlink profits and keep the company in the red.