AI Business Expands RapidlySpaceX reported that AI revenue more than tripled year over year, reaching $2.6 billion during the second quarter. Investors Focus on Cash FlowAlthough management highlighted improving returns from AI infrastructure, investors remained concerned that capital expenditure continues to exceed internally generated cash flow. AI Infrastructure Begins Funding GrowthManagement argued that the economics of its AI platform are improving rapidly. Executives said demand for AI computing capacity continues to exceed available supply and projected that SpaceX would end the year with more than two gigawatts of compute capacity. Rather than viewing Starlink as the sole financial engine supporting AI expansion, management presented evidence that AI infrastructure itself is beginning to generate commercially meaningful returns.