In Q2 2026, SpaceX increased its spending on Tesla Megapacks, purchasing $295 million worth of these battery energy storage systems to power its Colossus data centers in Greater Memphis. This brings the half-year total to $329 million. The Megapacks help prevent blackouts by storing energy from various sources. Despite this, SpaceX faces community opposition due to emissions and noise from natural gas turbines used alongside the batteries. Elon Musk plans to expand AI infrastructure and aims for up to 20 gigawatts of power and cooling capacity by the end of next year, signaling significant growth in energy demands for SpaceX's operations.
Space Exploration Technologies (SpaceX) is reaffirmed as a Strong Buy with an increased price target of $203 following strong Q2 2026 earnings. AI infrastructure is a key growth driver, generating $2.6 billion in revenue in Q2 with a payback period u...
Jim Cramer advises investors to think of SpaceX as a century-long investment, highlighting Elon Musk's proven ability to build transformative businesses and raise capital. Despite SpaceX's shares dropping 13.6% after its first earnings report post-IP...
Volatility in emerging markets, especially in ETFs like EEM, has surged due to high volatility in key tech stocks from Taiwan and South Korea linked to AI demand. This spike in volatility may indicate a broader market trend of 'bi-modality,' where re...
SpaceX reported a strong Q2 with 92% year-over-year revenue growth driven by its AI segment, which is expected to surpass its Connectivity segment in revenue within 4 to 5 quarters. The company narrowed its operating loss from $1.52 billion to $1.26 ...
SpaceX recently went public, creating the world's first trillionaire, but its stock price has been falling. The company's integrated model involving launches, Starlink internet, and AI offers strong recurring revenue potential. However, the current v...
