SpaceX has spent $329 million on Tesla Megapacks this year, including $295 million in Q2, as revealed in its latest earnings report released Tuesday.
SpaceX spent $295M in Q2 on Tesla Megapacks for xAI to manage fluctuating AI workloads. Battery storage is strategic capex for AI economics—peak power management and backup reduce utility costs, essential for protecting data center margins.
SpaceX is using Megapacks to power xAI data centers
Aug 05, 2026
10:45 am
What's the storySpaceX has made a major investment in Tesla's Megapack battery storage devices, spending $295 million in Q2 and a total of $329 million so far this year.
The information comes from the company's earnings report released on Tuesday.
SpaceX has bought $329M worth of Tesla Megapacks so far this year | TechCrunch
Why Did SpaceX Spend $295 Million on Tesla Batteries? The Latest Filing Offers a Clue as Elon Musk's Comp
SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers
Burning billions: SpaceX’s sales are soaring, but its spending even more so
Tesla promises more data center battery sales in latest earnings call
SpaceX Could Burn Through Billions More as Elon Musk Ramps Up AI Spending With Tesla: Analyst Says Free C
SpaceX shows strong growth in its first earnings report since going public
SpaceX Jumps Into Earnings: What To Look For
SpaceX revenue surges 92% to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion | Fortune
Elon Musk's SpaceX (SPCX) tops earnings as bitcoin (BTC) holding value drops by $540 million
SpaceX has ramped up its purchases of Tesla Megapacks for its xAI data centers.
SpaceX bought $295 million of Tesla's Megapack batteries in Q2, deepening ties between two of Musk's biggest companies.
SpaceX is using Tesla's big Megapack backup batteries to help power its Colossus AI data centers in Greater Memphis.
SpaceX's amended S-1 filing reveals xAI purchased $269M in Tesla Megapacks in April alone, bringing total purchases to roughly $1…
Tesla disclosed $890M in revenue from SpaceX and xAI since 2023, driven by Megapack sales and vehicle purchases across Elon…
SpaceX's S-1 revealed hundreds of millions in Tesla purchases — and a Cybertruck order that may have boosted 2025 sales.
