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SpaceX reports much higher AI-related capital spending in first post-IPO results

The company said capital expenditures rose nearly sevenfold year over year, alongside higher revenue.

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Elon Musk’s rocket company, SpaceX, reported results for the first time since its IPO, saying its capital expenditures jumped sharply and linked the higher spending to AI-related demands, according to the New York Times Business.

The outlet reported that SpaceX’s capital expenditures increased nearly seven times from a year earlier, indicating a major step up in spending intensity.

SpaceX also reported that revenue rose, adding another signal that the company’s expansion is continuing as it scales its technology and operations.

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