The Motley Fool sees major potential in SpaceX’s AI business but warns of surging spending: capital expenditures reached $28.5 billion in the first half of 2026, up from $6.5 billion a year earlier, with nearly 83% going to AI.
SpaceX operates two Colossus data centers to develop its AI, including Grok, and rent computing capacity to customers. The article says the company has multi-year deals with Anthropic and Alphabet worth tens of billions of dollars annually. A Financial Times report cited Goldman Sachs underwriters’ estimate that SpaceX’s AI revenue could reach $322 billion by 2030; this is a projection, not reported revenue.
AI accounts for about one-third of SpaceX’s sales, while Starlink brings in most of its revenue; the company also invests in the capital-intensive Starship rocket and is not profitable. The Motley Fool notes a price-to-sales ratio of about 69, compared with roughly 8 for the tech sector, and advises waiting to see whether SpaceX’s investments pay off before buying.
