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AI spending surges 2013%! Musk was originally "working" for Huang Renxun?
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Source: zhidx.com
Zhidongxi Author | Li Shuiqing Editor | Yunpeng Zhidongzhi reported on August 5 that today, SpaceX announced its first financial report after going public. The company's revenue in the second quarter of 2026 exceeded expectations, reaching US$7.8 billion (approximately RMB 52.6 billion), almost doubling from US$4.1 billion (approximately RMB 27.7 billion) in the same period last year; net loss narrowed 46.3% year-on-year to US$541 million (approximately RMB 3.65 billion). Among them, Starlink revenue accounted for more than half of the total revenue, an increase of 66%; and AI business revenue soared by about 250%. ▲Screenshot of SpaceX financial report. Before the financial report was released, SpaceX’s stock price rose 9.4% during the day. However, after the financial report was released, the stock price fell by about 8% in after-hours trading, with the stock price at $115.98, and the market value evaporated by approximately $130 billion (approximately RMB 877.2 billion) overnight. why is that? ▲SpaceX stock price trend (Source: TradingView) The main reason is that Musk’s input-output ratio in the AI field does not meet the expectations of the capital market. Capital expenditures in the quarter reached US$18.37 billion, of which AI expenditures increased 2013% year-on-year to US$15.83 billion (approximately RMB 106.8 billion). This, coupled with the upcoming selling pressure after the stock is lifted, has become a major concern for investors. Musk recently revealed that SpaceX expects to build more than 2 gigawatts of computing power this year and nearly 10 gigawatts by the end of next year. The company plans to use all Nvidia hardware. You know, every 1 gigawatt of computing power can generate approximately US$40-50 billion in revenue for Nvidia. This makes people want to ask: After working for a long time, is Musk "working" for Huang Renxun? 1. Overall quarterly revenue soared 92%, and AI revenue grew 247%. First, let’s look at the fundamentals of SpaceX’s financial report. SpaceX’s quarterly revenue as of June 30 soared 92%, reaching $7.81 billion, far exceeding S&P Visible Alpha’s previous forecast.