SpaceX's AI Business Surpasses Its Space Operations in Revenue

SpaceX's revenue from its AI division surged to $2.6 billion, more than tripling year-over-year, primarily due to agreements providing computing power to other AI firms. Despite generating substantial revenue, this division reported a $1.5 billion loss this quarter, an improvement over last year's figures. Notable partnerships include deals with Anthropic and Google in mid-2023, positioning SpaceX against other cloud providers like CoreWeave. The expansion into AI is also leading to increased company expenditures.