SpaceX made more revenue as an AI company than a space company

SpaceX 作为一家人工智能公司的收入超过了其航天业务

SpaceX’s AI revenue grew more than three times to $2.6 billion from the year before, mostly because of deals that the company made to provide compute to other AI companies, according to SpaceX’s quarterly earnings. The AI division, which the company said in its documents to go public was the source of most of its value, lost $1.5 billion this quarter, slightly less than in the same quarter last year. 根据 SpaceX 的季度财报，其人工智能（AI）业务收入同比增长了两倍多，达到 26 亿美元，这主要归功于该公司为其他 AI 公司提供算力所达成的交易。在 SpaceX 的上市文件中，该公司曾表示 AI 部门是其大部分价值的来源，该部门本季度亏损 15 亿美元，略低于去年同期。

SpaceX made deals with Anthropic in May and Google in June to provide compute to the other two AI companies, putting it in competition with other neoclouds such as CoreWeave. The increased presence in AI is also driving the company to spend more — capital expenditures reached $18.37 billion. SpaceX 分别在 5 月与 Anthropic、6 月与 Google 达成协议，为这两家 AI 公司提供算力，这使其与 CoreWeave 等新兴云服务商展开了竞争。在 AI 领域的投入增加也促使公司支出进一步攀升，资本支出达到了 183.7 亿美元。

“We’re building AI compute capacity at scale faster than anyone else, we believe, and we’re significantly improving our AI models,” Elon Musk said on an investor call. “我们相信，我们正在以比任何人都快的速度大规模构建 AI 算力，并且我们正在显著改进我们的 AI 模型，”埃隆·马斯克在投资者电话会议上表示。

Despite its name, SpaceX said in the documents for its IPO that it expected most of its value to come from AI. SpaceX had the biggest-ever IPO in June. One of the things that the company said it could do better than anyone else was build data centers in space. The company has three segments: space, AI, and “connectivity,” which is the Starlink internet service. Space had $962 million in revenue this quarter, and SpaceX remained the biggest user of SpaceX rockets. The Starlink service had $4.2 billion in revenue. 尽管名字叫 SpaceX（太空探索技术公司），但该公司在 IPO 文件中表示，预计其大部分价值将来自 AI。SpaceX 在 6 月进行了史上规模最大的 IPO。该公司声称自己比任何人都擅长的一件事是在太空中建造数据中心。公司目前分为三个业务板块：航天、AI 和“连接”（即 Starlink 互联网服务）。本季度航天业务收入为 9.62 亿美元，而 SpaceX 依然是其自身火箭的最大用户。Starlink 服务收入则为 42 亿美元。

Grok, SpaceX’s AI model that has been in hot water for undressing women and children without their consent, had fallen far behind other companies in the AI race. So before the IPO, SpaceX rented out the data center capacity it had initially built for itself. The company also agreed to acquire Cursor, providing it with an enterprise AI product. The acquisition has not yet closed, though Musk said on the call they’re “close to that,” but didn’t want to “jump the gun” on regulatory approval. SpaceX 的 AI 模型 Grok 此前因未经同意生成女性和儿童的裸露图像而陷入舆论风波，且在 AI 竞赛中已远远落后于其他公司。因此在 IPO 之前，SpaceX 将最初为自己建造的数据中心容量出租了出去。该公司还同意收购 Cursor，从而获得了一款企业级 AI 产品。该收购尚未完成，尽管马斯克在电话会议上表示双方“已接近完成”，但他不想在监管审批方面“操之过急”。

SpaceX is still losing money, but the loss this quarter narrowed to $143 million dollars. Musk’s grandiose plans — data centers in space, an addressable user market of more than the US GDP — don’t just come with a big price tag in AI. The costs of developing technology in its space division also rose by $389 million from the year before, with Starship as the primary driver of spending. Starship is key to Musk’s plan to expand its connectivity business, the only profitable part of the company. SpaceX 目前仍处于亏损状态，但本季度亏损额收窄至 1.43 亿美元。马斯克的宏伟计划——太空数据中心、超过美国 GDP 总量的潜在用户市场——不仅在 AI 领域带来了高昂的成本。其航天部门的技术开发成本也比去年增加了 3.89 亿美元，其中“星舰”（Starship）是支出的主要驱动因素。星舰是马斯克扩大其连接业务（公司唯一盈利的部分）计划的关键。

Starship has to be able to launch heavier versions of the satellites that make its Starlink internet business profitable. Some of these satellites have already been manufactured, and in today’s documents, SpaceX said it had launched 20 of them. It’s not clear how far away the full deployment — of 60 satellites at once — is. 星舰必须具备发射更重型卫星的能力，这些卫星是 Starlink 互联网业务实现盈利的基础。其中一些卫星已经制造完成，SpaceX 在今天的文件中表示已经发射了 20 颗。目前尚不清楚实现一次性部署 60 颗卫星的全面计划还有多远。

Though SpaceX beat analyst estimates, according to Bloomberg, its shares declined after market, following an initial pop of enthusiasm. 据彭博社报道，尽管 SpaceX 的业绩超出了分析师预期，但在最初的兴奋过后，其股价在盘后交易中出现下跌。