ARK Analysis: SpaceX Shifts Focus to AI, Aims for 90% Growth from AI Business

ARK's analysis indicates that SpaceX has shifted its business focus from aerospace to artificial intelligence, leveraging its integrated supply chain advantages to reduce the costs of space launches and data center operations. SpaceX has acquired xAI, the Grok large model, and two data centers, telling investors that over 90% of future market growth potential stems from its AI business. SpaceX now controls the entire value chain—rocket launches, computing data centers, and artificial intelligence—and leases computing power to companies such as Anthropic, Google, and Reflection AI. ARK estimates that, at scale, launch costs can fall below $100 per kilogram, the cost of building in-orbit data centers is 25% lower than on-ground equivalents, and energy costs are nearly zero.