Published Oct 27, 2026 · Data as of Oct 27, 2026Research
Free
SpaceX Has a Neocloud's Capex and a Launch Company's Balance Sheet
SpaceX committed to a $40B GPU lease on Oct 24 while spending 171.52% of revenue on capex. The difference from CoreWeave is $13.43B of net cash, a 5.86% bond stack and a profit pool beyond compute.
