AI segment (xAI, X and cloud)
Fastest-growing segment, with Q2 2026 revenue up 247% on new cloud service agreements, but it runs heavy operating losses.
The numbers
What it is
After the xAI acquisition, the AI segment sells cloud computing and AI model services and includes the X social platform. Revenue has grown quickly, but compute costs keep operating losses large.
Why it matters to the stock. This segment is what turned SpaceX from a launch and satellite company into an AI infrastructure story. Traders look at its operating loss against Starlink profits to judge how much the rest of the company is funding it.
News
X Corp and SpaceXAI drop antitrust claims against Apple, keep case against OpenAI
On September 14, 2026, X Corp and SpaceXAI, a division of SpaceX, moved to dismiss their antitrust claims against Apple.
SpaceX completes Cursor acquisition and issues about 391 million Class A shares
SpaceX completed its merger with Anysphere, the Cursor maker, on August 14, 2026, making Cursor a wholly owned subsidiary.
SpaceX posts first public quarter with revenue up 92% to $7.8 billion
SpaceX reported its first quarterly results as a public company for the quarter ended June 2026.
Starlink ARPU falls to $66 a month from $85 as subscribers reach 12.0 million
SpaceX reported 12.0 million Starlink subscribers at June 30, 2026, up from 10.3 million at March 31 and 6.0 million a year earlier.
SpaceX agrees to buy Cursor maker Anysphere in $60 billion all-stock merger
SpaceX signed a merger agreement under which its subsidiary X67 Inc.
Anthropic agrees to use SpaceX's Colossus 1 data center in Memphis
Anthropic signed an agreement with SpaceX to use more than 300 megawatts of computing capacity at Colossus 1 in Memphis, Tennessee, to support demand for its Claude models.
SpaceX completes all-stock acquisition of xAI
SpaceX announced that it had completed its acquisition of the AI company xAI in a private share swap, so no large cash outlay was needed.