- SpaceX signed an AI hosting deal worth $1.11 billion a month, or $13 billion in annual recurring revenue, with an initial 90-day term extendable by another 90 days if commitments are met.
- Combined hosting agreements now total $2.17 billion a month: about $1.25 billion a month from Anthropic and $920 million a month from Google.
- SpaceX reported Q2 revenue of $7.8 billion, up 92% year over year, with net losses narrowing to $541 million from $1 billion a year earlier and $93.5 billion in cash and equivalents.
- AI capital expenditures hit $15.8 billion in Q2 alone and $12.7 billion for 2025, up from $463 million in 2023, making AI the company's largest investment category.
- SpaceX targets its first orbital computing satellites in 2027 and larger deployments in 2028, with Nvidia designing the first payload, Starmind AI1, on Rubin graphics and Vera central processors.
- SpaceX asked the FCC for permission to operate up to one million computing satellites at altitudes between 500 and 2,000 kilometers, a regulatory ceiling rather than a production target, with deployment beginning as early as 2028.
Quotes
“the company has signed an AI hosting deal worth $1.11 billion a month, with annual recurring revenue of $13 billion”
“the first orbital computing satellites are targeted for 2027, followed by much larger deployments in 2028”
“deployment could begin as early as 2028”