SpaceX Spends $295M on Tesla Megapacks for AI Data Centers
In a filing with the SEC, SpaceX revealed that it allocated $295 million for Tesla Megapack battery systems during the second quarter of 2026, bringing the total for the first half of the year to $329 million. These Megapacks supply power to SpaceX's AI data centers, including Colossus and Colossus II, which reached a capacity of 1.4 gigawatts by Q2. Both SpaceX and Tesla are under the ownership of Elon Musk, making these transactions related-party dealings. The Megapacks help regulate electricity demand for AI tasks. SpaceX's AI division reported $2.6 billion in revenue for Q2, a significant increase from $737 million the previous year, alongside capital expenditures of $15.8 billion. Since 2023, Tesla has provided approximately $890 million in vehicles and batteries to SpaceX, with no Cybertruck sales recorded in H1 2026.
Key facts
- SpaceX spent $295 million on Tesla Megapacks in Q2 2026.
- First-half total for Megapacks reached $329 million.
- Megapacks power SpaceX's AI data centers, including Colossus and Colossus II in Greater Memphis.
- Compute capacity expanded to 1.4 gigawatts in Q2, up from 1.0 gigawatt in Q1.
- Transactions are related-party dealings as Elon Musk controls both companies.
- NAACP sued SpaceX in federal court over natural gas turbines lacking permits.
- Musk targets ~20 gigawatts of power and cooling capacity by end of next year.
- AI segment revenue was $2.6 billion in Q2, up from $737 million year-over-year.
- Tesla has sold ~$890 million in vehicles and batteries to SpaceX and xAI since 2023.
- No Cybertruck purchases in first half of 2026; $131 million spent in 2025.
Entities
Institutions
- SpaceX
- Tesla
- Securities and Exchange Commission
- NAACP
- TechCrunch
- CNBC
- xAI
- X
Locations
- Greater Memphis area
- Mississippi
- United States
Sources
- Quartz —
- TechCrunch AI —