SpaceX's AI arm spent far beyond its sales
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What the chart shows
SpaceX reports three businesses, and in the June quarter only one of them paid for its own building work. Connectivity, which is Starlink, had US$4,291m of revenue and spent US$1,367m on new assets.
The AI segment, built on xAI, went the other way: US$2,561m of revenue against US$15,828m of capital spending, up from US$749m in the same quarter of 2025. Across the whole company, spending was US$18,369m and revenue US$7,814m.
The Financial Times reported late on Tuesday that SpaceX is lining up debt to buy Nvidia chips for its AI data centres. This chart shows where the money has been going.
The story behind it
SpaceX wants to borrow US$40 billion to buy Nvidia's chips, and its shares fell 2.51% Read the edition →The numbers
Capital spending and revenue by segment, three months to June 2026, in US$ millions; Connectivity is Starlink. A year earlier AI spent US$749m.
| Capital spending | Revenue | |
|---|---|---|
| Space | 1,174 | 962 |
| Connectivity | 1,367 | 4,291 |
| AI | 15,828 | 2,561 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
