SPACEX SAYS SPENDING SPREE IS SUPERCHARGING AI REVENUES

Summary from the TLDR AI newsletter

SpaceX's capital expenditures hit $18.4 billion in the most recent quarter. The bulk of that figure is tied to the company's ongoing AI build-out. The company is plowing money into terrestrial computing infrastructure, signing AI deals, and working toward launching orbital data centers. SpaceX is on track to have $100 billion in annualized recurring revenue by December, most of it coming from data center deals.