SPACEX AI REVENUE TRIPLES TO $2.6B

SpaceX's AI revenue growth was fueled by partnerships to provide computational resources to other AI firms. The company signed deals with Anthropic in May and Google in June to supply compute services. Despite the revenue gains, SpaceX's AI division continues operating at a loss. This quarter's $1.5 billion loss was slightly lower than the same period last year, suggesting the division is moving toward profitability. SpaceX has identified AI as a core value driver in documents related to going public. The company positions its compute infrastructure as essential for AI companies scaling their operations, establishing itself as a key infrastructure provider in the competitive AI market. The earnings reveal SpaceX's pivot beyond traditional aerospace into high-margin software and services revenue streams.