SpaceX is generating significant revenue by renting out its AI computing power to competitors of its own AI chatbot, Grok. Despite Grok trailing behind major AI assistants like ChatGPT and Gemini, SpaceX's AI unit reported $2.56 billion in Q2 revenue, driven largely by cloud compute services used by companies such as Google and Anthropic. The company’s AI infrastructure business is growing rapidly, but faces risks if major clients build their own capacity. Upcoming quarterly results will be crucial to confirm if SpaceX’s landlord model in AI computing remains sustainable.
SpaceX trades at USD 160.57 on Pluang as of Oct 09, 2026 04:01 WIB, down 4.23% in the last day. The stock shows strong market interest with a volume of 76,951,787 shares and a market cap of $2.27 trillion, reflecting its significant presence in the industrial sector. This trading activity coincides with news of SpaceX's AI computing business generating $2.56 billion in Q2 revenue, highlighting its dual role as both an AI service provider and competitor.
SpaceX has agreed to purchase a nationwide spectrum portfolio from Grain Management, pending FCC approval, to enhance its Starlink mobile service in the US. The acquisition includes up to 14 MHz of paired spectrum in the 800 MHz band, addressing key ...
AST SpaceMobile's stock dropped 7% following the FCC's approval for SpaceX to build a satellite network that connects directly to ordinary phones without needing wireless carriers. This regulatory change threatens AST SpaceMobile's business model, wh...
SpaceX, Broadcom, and Oracle are all pursuing tens of billions of dollars in long-term debt to finance the purchase of AI chips that will likely become obsolete before the loans mature. SpaceX plans to borrow about $40 billion directly, while Broadco...
In August, President Trump disclosed over 500 securities transactions, including a purchase of up to $25 million in Meta stock and $5 million in SpaceX debt. Notably, the SpaceX debt purchase occurred two days before he signed a policy to expand U.S....
The FCC has authorized SpaceX to build a 15,000-satellite network that can connect directly to regular phones using spectrum it owns, bypassing traditional carriers like AT&T and Verizon. This move removes the need for SpaceX to lease spectrum from c...
