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SpaceX Has Bought $329M Worth of Tesla Megapacks so Far This Year
Investors expect the call to focus on AI compute deals and data-center expansion, while early-release insiders can sell 20% of shares on Aug. 6.
- Space Exploration Technologies reports its second-quarter operating results today, August 4, 2026, after the closing bell, with Wall Street analysts expecting $6.82 billion in sales and a loss of $0.29 per share.
- Artificial Intelligence expansion drives company strategy, as SpaceX assigned $26.5 trillion of its $28.5 trillion total addressable market to the sector, spending $295 million on Tesla Megapack battery storage devices in the quarter.
- Capital expenditures reached $15.8 billion, exceeding the $13.09 billion expectation, while Anthropic agreed to pay $1.25 billion monthly and Alphabet $920 million monthly for access to xAI compute capacity.
- Shares reversed earlier gains, falling 5% in after-hours trading despite surging 9% during regular market hours, as investor focus turned to operating losses related to Grok AI service expansion.
- Beginning August 6, early release insiders can sell 20% of their shares, two days after the company's first quarterly results as a public entity, following an accelerated unlock schedule from its initial public offering seven weeks prior.
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Tesla starts Megapack 3 production with 28% more energy per unit
Tesla has started building its next-generation Megapack 3 grid battery, with the first units rolling off the line at the company’s new Megafactory in Brookshire, Texas. The plant went from groundbreaking to production in 16 months and is designed to build 50 GWh of Megapack 3 a year. That’s the version Tesla says packs roughly 28% more energy into the same footprint as the Megapack it replaces.
·Fremont, United States
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Of SpaceX's three divisions, Starlink's was the best performing division.
·Las Condes, Chile
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Coverage Details
Total News Sources18
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
Factuality
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