SpaceX Spends $295M on Tesla Megapacks to Power AI Data Centers

Key Facts

In a move highlighting the growing synergy between Elon Musk’s ventures to meet advanced computing demands, SpaceX spent $295 million on Tesla Megapacks during the second quarter of 2026. According to reports, these significant purchases are intended to power SpaceX's AI data centers located in the Greater Memphis area. This step reflects the company's strategy to secure sustainable and reliable energy solutions to support its expanding technological infrastructure.

This internal collaboration bolsters revenue for Tesla’s energy division, as SpaceX’s reliance on Megapack systems serves as a testament to the efficiency of these systems in managing large-scale energy loads. Per market data, such transactions strengthen the shared ecosystem between Musk-led entities, providing Tesla with robust cash flows from the energy storage sector independent of traditional electric vehicle sales.

Regarding market performance, TSLA stock stood at $323.51 (close August 05, 2026), with the session range between a low of $320.43 and a high of $327.13. Investors are monitoring how these large-scale contracts will impact the energy division's profit margins in upcoming financial reports, especially as AI projects continue to demand high energy intensity.