importantSYS.SOURCE: TechCrunch• 2026-08-04T20:36:30Z

SpaceX Revenue Doubles via AI Compute Deals and Starlink Expansion

#space #ai #revenue #starlink #compute

SpaceX reported doubled revenue driven by AI compute deals with Anthropic and Google, along with significant Starlink growth, while disclosing $100B in cloud services contracts and $100B in cash reserves. The company aims for $100B annualized revenue run-rate by year-end despite ongoing financial losses.

SpaceX doubled its revenue compared to last year, according to its first quarterly earnings since going public in June.

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