SpaceX 的 AI 收入增长逾三倍，但该部门仍亏损 15 亿美元

SpaceX 的人工智能收入比去年增长了三倍多，达到 26 亿美元，这主要是因为公司与其他人工智能公司达成了提供计算能力的交易，根据 SpaceX 的季度财报显示。公司的人工智能部门在公开募股文件中表示是其价值的主要来源，本季度亏损 15 亿美元，略低于去年同期的亏损。

SpaceX 在五月与 Anthropic 签订了合作协议：/science/935229/spacex-anthropic-ipo-ai-capacity-deal-colossus，并在六月与谷歌签订了协议：https://www.cnbc.com/2026/06/05/google-to-pay-spacex-920-million-a-month-for-xai-compute-capacity.html，为这两家人工智能公司提供计算能力，使其与其他新兴云计算公司如 CoreWeave 对赛：/ai-artificial-intelligence/822011/coreweave-debt-data-center-ai。人工智能领域的增加也推动公司增加支出——资本支出达到 183.7 亿美元。

“我们正在以比任何人都快的速度构建大规模人工智能计算能力，并且我们正在显著改进我们的人工智能模型，”埃隆·马斯克在投资者电话会议上表示。

尽管名字是 SpaceX，但公司在 IPO 文件中表示，其大部分价值预计将来自人工智能。SpaceX 在六月进行了有史以来规模最大的 IPO：/ai-artificial-intelligence/948409/elon-musk-trillionaire-spacex-ipo。公司表示其独特的能力之一是比任何人都更擅长在太空中建设数据中心。公司有三个业务板块：太空、人工智能和“连接服务”，即 Starlink 网络服务。本季度太空板块收入为 9.62 亿美元，SpaceX 仍然是 SpaceX 火箭的最大使用者。Starlink 服务营收为 42 亿美元。

Grok，SpaceX 的人工智能模型，因为未经同意为女性和儿童脱衣而备受争议，在人工智能竞赛中远远落后于其他公司。因此，在首次公开募股（IPO）之前，SpaceX 将最初为自己建造的数据中心容量出租：https://www.bloomberg.com/news/articles/2026-06-12/spacex-rented-out-computing-after-own-teams-had-trouble-using-it。公司还同意收购 Cursor：/ai-artificial-intelligence/950571/spacex-is-officially-buying-cursor-for-60-billion，为其提供企业级人工智能产品。收购尚未完成，但马斯克在电话会议上表示他们“接近完成”，但不想在监管批准上“操之过急”。

SpaceX 仍在亏损，但本季度亏损收窄至 1.43 亿美元。马斯克宏大的计划——在太空建造数据中心，可接触的用户市场超过美国 GDP——不仅在人工智能方面需要高昂的费用。其太空部门的技术开发成本较去年增加了 3.89 亿美元，其中 Starship 是主要的支出驱动力。Starship 对马斯克扩展连接业务的计划至关重要，而连接业务是公司唯一盈利的部分。

Starship 必须能够发射更重版本的卫星，从而使 Starlink 互联网业务盈利。其中一些卫星已经制造完成，在今天的文件中，SpaceX 表示已发射了 20 颗卫星。目前尚不清楚一次性 60 颗卫星的全面部署还有多远。

虽然 SpaceX 超过了分析师预期，据彭博社报道：https://www.bloomberg.com/news/articles/2026-08-04/spacex-exceeds-revenue-estimates-in-first-earnings-since-ipo，但在市场收盘后，其股价下跌，此前曾有一波热情的短暂上涨。

更新 8 月 4 日东部时间下午 5:40：增加了公司太空和连接部门的收入，以及有关 SpaceX 人工智能历史的细节，并提供了投资者电话会议的内容细节。

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.

SpaceX made deals with Anthropic in May：/science/935229/spacex-anthropic-ipo-ai-capacity-deal-colossus and Google in June：https://www.cnbc.com/2026/06/05/google-to-pay-spacex-920-million-a-month-for-xai-compute-capacity.html to provide compute to the other two AI companies, putting it in competition with other neoclouds such as CoreWeave：/ai-artificial-intelligence/822011/coreweave-debt-data-center-ai. The increased presence in AI is also driving the company to spend more — capital expenditures reached $18.37 billion.

“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.

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：/ai-artificial-intelligence/948409/elon-musk-trillionaire-spacex-ipo. 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.

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：https://www.bloomberg.com/news/articles/2026-06-12/spacex-rented-out-computing-after-own-teams-had-trouble-using-it. The company also agreed to acquire Cursor：/ai-artificial-intelligence/950571/spacex-is-officially-buying-cursor-for-60-billion, 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 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.

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.

Though SpaceX beat analyst estimates, according to Bloomberg ：https://www.bloomberg.com/news/articles/2026-08-04/spacex-exceeds-revenue-estimates-in-first-earnings-since-ipo, its shares declined after market, following an initial pop of enthusiasm.

Update 5:40PM ET August 4th: Adds revenue from space and connectivity sectors of the business, as well as details on SpaceX’s history with AI, and details from the investor call.