SpaceX’s second-quarter revenue rose 92% year on year to $7.8 billion, with its AI business up 213% to $2.56 billion, according to figures cited by Hindustan Times from The Motley Fool. The growth puts AI infrastructure at the centre of a much bigger question: can SpaceX turn its computing ambitions into durable returns at a reported valuation near $1.9 trillion?
Watch Desk analysis
What happened
The Hindustan Times article says SpaceX plans to rent computing capacity to other companies, rather than relying only on demand for its own Grok model. It reports that Google and Anthropic have agreements to use SpaceX AI infrastructure, with The Motley Fool cited as the source for reported monthly payments of $920 million and $1.25 billion respectively. Those figures and arrangements are reported claims, not independently established here.
SpaceX is also exploring data centres in space, linking its AI and space businesses. The article describes that plan as speculative: the company has yet to show that orbital data centres can handle AI workloads commercially.
Why it matters
The story is more than a striking revenue number. It describes a shift towards selling computing capacity to other AI companies, including competitors whose models may have stronger adoption than Grok. If the reported agreements translate into sustained business, infrastructure could become a major part of SpaceX’s AI strategy.
But strong growth does not automatically make a share price cheap. The Motley Fool, as quoted by Hindustan Times, argues that SpaceX’s high valuation could limit returns even if revenue keeps rising. The article also reports that SpaceX raised $75 billion through its June IPO and intends to use the money to expand its AI and satellite internet businesses.
Our read
The most interesting point is the strategic pivot: SpaceX is trying to make money from the computing needs of the wider AI industry, not just from Grok. That could give the company a formidable customer base, but the reported deals, investment plans and orbital data-centre ambitions are not interchangeable proof of commercial success. One is reported business; another is a plan; the last remains an idea to test.
What to watch
- Whether SpaceX or its customers confirm the reported infrastructure agreements and their terms.
- Whether AI revenue growth continues beyond the reported second quarter.
- How much of SpaceX’s AI expansion depends on renting capacity to other companies.
- Whether space-based data centres move from speculation to a demonstrable, workable project.
Discussion spark: If SpaceX can sell computing capacity to rival AI companies, should investors value it more as an AI infrastructure provider than as a rocket and satellite business?
Sources and evidence
- SpaceX stock may stay flat through 2027 despite 92% revenue growth and AI expansion | Hindustan Times (19 October 2026, 16:04 UTC)
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