SpaceX's $1.6 Trillion Opportunity Could Be More Valuable Than Its AI Business

Adam Levy, The Motley Fool

Mon, July 6, 2026 astatine 5:20 AM CDT 5 min read

Space Exploration Technologies (NASDAQ: SPCX), amended known arsenic SpaceX, has been receiving a batch of attraction for its deals to merchantability compute capableness to artificial quality (AI) companies, including Anthropic and Alphabet. So far, it holds contracts worthy astir $28 cardinal successful yearly revenue.

In its successful archetypal nationalist offering (IPO) registration connection with the Securities and Exchange Commission, SpaceX said the full addressable marketplace for its AI businesses is $26.5 trillion. That includes a $2.4 trillion infrastructure market, wherever SpaceX yet plans to widen from terrestrial information centers to solar-powered orbital information centers, and a immense accidental to merchantability endeavor AI applications.

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But things alteration rapidly astatine SpaceX, and it's reportedly pursuing an accidental successful a $1.6 trillion marketplace that could beryllium adjacent much invaluable than its AI operations. Here's what investors request to know.

The astir promising concern wrong SpaceX could beryllium getting bigger

SpaceX had a nett nonaccomplishment of $5 cardinal connected $18.7 cardinal of gross successful 2025, but a look nether the hood reveals respective antithetic stories. The company's motorboat services and AI segments generated important operating losses past year, but its Starlink connectivity concern generated $4.4 cardinal successful operating income. Both subscribers and profits much than doubled from the anterior year, adjacent arsenic it lowered its mean pricing.

The adjacent determination for Starlink could beryllium an enlargement into wireless telephone service. The institution is reportedly readying to motorboat a mobile work for U.S. consumers successful the adjacent future, taking connected telecom giants AT&T, Verizon, and T-Mobile.

SpaceX has held talks with Charter Communications for a imaginable mobile telephone partnership, according to reports. Doing truthful could springiness it entree to Charter's net infrastructure and its mobile virtual web statement with Verizon.

Ultimately, SpaceX sees the imaginable for the net and wireless telephone work marketplace to scope $1.6 trillion, according to its IPO filing. And it has the imaginable to connection the work astatine a comparatively precocious margin. Starlink's operating borderline is astir 40%, and that could ascent higher arsenic it scales operations and reduces motorboat costs. Athough the operating borderline connected wireless connection businesses is considerably little (about 20% for the 3 large U.S. carriers), SpaceX could find that supplementing its network, oregon spouse network, with its outer connectivity could let it to make higher margins.