SpaceX xAI Surpasses Google, Amazon in AI Cloud Revenue

SpaceX's xAI division now generates more AI cloud revenue than Google and Amazon, with a $26 billion annualized run rate driven by deals with Anthropic and Google. The company holds 20% of all active and completed AI data centers built in the past two years. xAI is on track for $30 billion in revenue this year, up from $3.2 billion before its major deals. Its Colossus 2 data center, built in 12 months for $40 billion, could generate $55 billion annually if fully rented out, with Tesla also positioned to activate a similar AI revenue stream.