SpaceX, now publicly traded, reported Q2 2026 results with massive AI infrastructure spending of ~520 billion baht (15.8 billion USD) as part of total capex of 18.4 billion USD, plus plans to launch upgraded Starlink Mobile satellites in 2027 to compete directly with AT&T, Verizon, and T-Mobile. Revenue jumped 92% to 7.8 billion USD despite net losses of 541 million USD. The company expects to reach 100 billion USD in annualized recurring revenue by December, primarily from data center leases with Google and Anthropic, with AI computing ROI achieved in under a year—signaling confidence in AI-driven growth despite stock volatility post-IPO.