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THE DAILY INDEX

Technology, AI, software, security, crypto and business

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TLDR AI — continued

SPACEX SAYS SPENDING SPREE IS SUPERCHARGING AI REVENUES

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.

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