SpaceX has bought $329M worth of Tesla Megapacks so far this year
SpaceX has spent $329 million on Tesla Megapack batteries this year, largely to support the energy needs of its xAI data centers. This purchase highlights the deep financial and operational integration between Elon Musk's various companies.
Why it matters
The report illustrates the massive energy infrastructure requirements of modern AI development and the consolidation of resources within Musk's corporate ecosystem.
SpaceX has ramped up purchases of Tesla Megapack, spending $295 million on the battery storage devices in the second quarter and $329 million so far this year, according to the company’s earnings report released on Tuesday.
The purchase illustrates just how interconnected Elon Musk’s universe of companies are. Musk, who is the CEO and largest shareholder of SpaceX, also runs Tesla. Musk’s artificial intelligence business xAI acquired his social media platform, X, in 2025. Earlier this year, SpaceX gobbled up xAI.
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