At SpaceX, AI is burning the cash that Starlink earns
SpaceX is shifting its focus to artificial intelligence, with its AI division accounting for 61% of the company's $20.74 billion total capital spending in 2025. The company is funding its AI push with revenue from its Starlink satellite broadband business, which doubled its operating income to $4.42 billion last year.
SpaceX is dramatically shifting its spending profile to become an AI-first company, with its AI division accounting for 61% of its $20.74 billion total capital spending in 2025. The company's satellite broadband business, Starlink, doubled its operating income to $4.42 billion last year, funding the AI push. SpaceX's capital spending more than doubled last year, exceeding revenue by roughly $2 billion. The company is preparing a potentially historic IPO, touting a total addressable market of $28.5 trillion tied to AI for businesses. SpaceX has also made a deal with AI code-generation startup Cursor, with the option to buy the company for $60 billion. The company's AI spending is not likely to slow, with plans to build an armada of space-based data centers.
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