SpaceX Faces Rising AI Compute Costs and Higher Capex Ahead of Starship Relaunch
SpaceX says incremental AI compute expansion is getting pricier and believes it must invest heavily, assuming about $325B in additional capital raises over 18–24 months. The company logged large early losses, with Q2 capex at $18.4B versus roughly $6B expected, and offered no specific 2026 guidance. Wall Street stays bullish as Starship is set to relaunch in coming weeks to try catching the upper stage on the pad.