SpaceX's artificial intelligence segment swung to positive Adjusted earnings before interest, taxes, depreciation, and amortization of $1.1 billion in the second quarter after posting a loss of $276 million in the year-ago quarter. The turnaround came from $14.1 billion in contracted cloud computing sales, which generated $1.6 billion in incremental infrastructure revenue. AI segment revenue jumped 247% year over year to $2.6 billion. The company expanded its compute capacity to 1.4 gigawatts from 0.4 gigawatts in the year-ago quarter, while AI capital expenditures reached $15.8 billion, up from $749 million a year earlier.

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