SpaceX has more neocloud revenue
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
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 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 mor … Read the full story at The Verge.
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