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 has ramped up its purchases of Tesla Megapacks for its xAI data centers.

SpaceX’s shares plunged after Elon Musk’s mega company said a near-doubling of its revenues was dwarfed by its skyrocketing investments, particularly on AI.