SpaceX reported $2.56 billion in revenue from its AI segment in Q2 2026, a 247% increase year-over-year. The company achieved its first positive adjusted EBITDA of $1.1 billion. This growth is driven by renting surplus GPU capacity from its Colossus data centers, which were initially developed for the xAI division.
Major contracts include a monthly payment of roughly $1.25 billion from Anthropic through May 2029 and approximately $920 million per month from Google. An undisclosed customer signed a monthly contract for $1.11 billion starting in December 2026. These agreements bring total annualized compute commitments to over $40 billion.
Goldman Sachs analysts suggest that current rental prices reflect a scarcity premium rather than sustainable market rates. The bank estimates that hyperscalers face a $230 billion annual revenue shortfall compared to their capital expenditures. High rental costs may challenge the profitability of AI labs as infrastructure budgets tighten.
SpaceX had 1.4 GW of compute capacity as of June 2026, with targets to exceed 2 GW by the end of 2026 and reach 5–10 GW in 2027. Goldman Sachs projects SpaceX's AI revenue could grow from $3.2 billion in 2025 to $322 billion by 2030. The company listed on the Nasdaq in June 2026 under the ticker SPCX.
