Earnings
Home›Earnings›Previews›SpaceX bought nearly $300 million of Tesla Megapacks i…
SpaceX bought nearly $300 million of Tesla Megapacks in Q2
A SpaceX filing disclosed that demand for Tesla’s Megapack energy storage systems is accelerating to support AI data centers, signaling a longer-term need for battery storage.
SpaceX has disclosed that it purchased close to $300 million of Tesla Megapack energy storage systems in the second quarter, according to a recent filing highlighted by MarketBeat Ratings.
The purchases are tied to SpaceX’s AI data center ambitions, using the large batteries to store and manage electricity at scale, while the outlet notes the pace of buying has accelerated.
While the figure is not yet large enough to materially shift Tesla’s overall financial results, the filing suggests a forward-looking trajectory, because building out the power capacity for AI infrastructure would require substantial battery storage over time, MarketBeat Ratings wrote.
MarketBeat Ratings also framed the disclosure as a sign that Tesla’s energy business could benefit from an increasingly intertwined customer relationship, with investors now watching how orders evolve beyond a single quarter.