Capital expenditures related to its xAI unit, which runs the Grok service, hit $15.8 billion, more than double what they were in the first quarter.

SpaceX is set to ramp up spending as analysts forecast negative free cash flow and focus on its long-term growth outlook.

SpaceX releases its first earnings as a public company, with Starlink contributing $3.8B in Q2 revenue while AI capex is projected to exceed