SpaceX has released a video of Elon Musk's latest speech to employees. While reviewing the company's development journey, he systematically outlined the three major directions of Starship, Starlink, and AI for the first time, with AI becoming the absolute focus. Musk clearly stated that SpaceX not only needs to succeed in the field of AI hardware but also achieve breakthroughs in AI software, and he made an astonishing prediction: "The future essentially belongs to AI and robots; the scale of digital intelligence may ultimately far exceed that of biological intelligence."
Musk further provided quantitative goals: "AI revenue may exceed the combined income from rockets, spacecraft, and Starlink satellite internet services this September," and will significantly lead in the fourth quarter. He even asserted that AI will account for about 99% of SpaceX's company value within the next five years. In his view, humanity needs to build an AI that cares about humans and promotes human development, which is the fundamental reason why SpaceX must personally participate in the AI competition.
The Ambition of 10GW Computing Power, AI Revenue Approaching $2.6 Billion
The basis for this assessment is SpaceX's rapidly expanding AI computing landscape. Musk revealed that the company aims to achieve 10 gigawatts of AI computing power by the end of next year, more than seven times the current capacity of about 1.4 gigawatts. These computing resources are currently mainly provided to technology companies and artificial intelligence laboratories. He estimates that if the goal is achieved on schedule, it could bring annual revenues of $300 billion to $500 billion, "a huge number."
SpaceX's second-quarter financial report confirmed the explosive growth of the AI business: quarterly revenue was approximately $7.8 billion, a 92% increase year-on-year, with AI business revenue reaching nearly $2.6 billion, a sharp rise of 247%; connection business revenue from Starlink satellite internet was approximately $4.3 billion, up 66% year-on-year; traditional aerospace business revenue was approximately $962 million, now the smallest of the three segments. At the same time, the company's net loss narrowed to $541 million, and adjusted EBITDA reached $3.5 billion, up 191% year-on-year. A company known for rockets is rapidly transforming into an AI computing giant, and Musk's five-year vision of "99% of the value coming from AI" is gradually being realized on the financial statements.
