SpaceX first public earnings call reveals up to 500 billion dollar data center spending plan
SpaceX $SPCX held its first earnings call as a public company and disclosed nearly $16 billion in AI infrastructure spending for the quarter. Musk said SpaceX could spend up to $500 billion on data centers, calling the work 'trivial' for its rocket engineers, per Fortune.
SpaceX $SPCX, which completed the largest IPO in history in June 2026 and now trades on the Nasdaq under a valuation near $1.75 trillion, held its first earnings call as a public company this week. The company disclosed nearly $16 billion in AI infrastructure spending for the quarter and said it could spend up to $500 billion on data centers going forward. Elon Musk defended the scale of the investment by arguing that the engineering expertise behind reusable rockets and satellites translates directly to building AI data centers, comparing SpaceX's advantage to 'the Yankees going in and playing a Little League team' and calling data centers a 'trivial problem' next to the company's core aerospace work. The disclosure comes months after SpaceX completed its acquisition of xAI in February, turning AI compute into a third major business line alongside launch services and Starlink. As a newly public company, SpaceX's spending plans are now subject to quarterly investor scrutiny in a way they were not as a private firm, and a $500 billion data center commitment would place it among the largest capital expenditures in the industry's history, alongside similar buildouts from Microsoft, Google, Amazon, and OpenAI. Reported by Fortune and Yahoo Finance.