Total capital expenditures for SpaceX in the second quarter were $18.4 billion, well above analyst estimates of around $6 billion. Commentary by executives indicated that third and fourth quarter capex could each remain at similar levels, implying full-year capex of about $65 billion. Wall Street was modeling for $50 billion capex this year. Second quarter revenue of $7.8 billion came in above the Street's $6.8 billion estimate. The beats were driven primarily by AI segment revenue, as SpaceX contracted about $14 billion of cloud services agreements in the quarter.