Musk bets SpaceX’s AI revenue will eclipse its rocket business as 10 GW plan looms

SpaceX CEO Elon Musk says AI revenue will soon exceed all other SpaceX revenue, aiming for 10 GW of AI computing capacity by next year and forecasting $300–$500 billion in AI revenue by 2028; in Q2, AI revenue was about $2.56 billion of $7.81 billion total, driven by new compute deals with Anthropic and Alphabet, but analysts caution that power constraints, chip supply, and contract-risk (90-day exits) make the timeline and scale uncertain, and the stock narrative remains contested.