**[Musk Unveils "Crazy" Lunar Robot Plan, Insists SpaceX Will Achieve $1 Trillion Revenue Target Despite First Financial Report Facing Market Scrutiny Over Massive Capital Expenditures]** BlockBeats News, August 5 — SpaceX released its first quarterly financial report since going public. Although the company’s Q2 revenue reached $7.8 billion, surpassing market expectations, SpaceX’s stock fell more than 5% in after-hours trading due to AI infrastructure capital expenditures far exceeding projections. The report revealed that SpaceX’s Q2 capital expenditures amounted to $18.369 billion, with approximately $16 billion invested in AI computing infrastructure, significantly higher than analysts’ forecast of $13.2 billion. The market is concerned that the current scale of AI investment may suppress cash flow returns in the short term. SpaceX CEO Elon Musk maintained an aggressive growth outlook during the earnings call, stating that the company’s goal of achieving $1 trillion in annual revenue could be brought forward to 2030, or even "possibly 2029." Previously, SpaceX had projected this target to be reached by 2031. Musk emphasized that the market has severely underestimated the potential of Starlink, which he believes could provide major global internet services in most countries where operations are permitted within the next decade. In terms of long-term planning, Musk proposed the idea of using lunar robots to expand manufacturing capabilities. He stated that robots would build production facilities on the Moon and leverage solar energy to drive large-scale industrial development. Musk acknowledged that this plan "sounds like science fiction" and even called it "crazy," but he believes it will ultimately become a reality. On the business data front, SpaceX reported Q2 Starlink revenue of $4.3 billion, a 66% year-over-year increase, with user numbers growing to 12 million and 1.7 million new users added during the quarter. AI business revenue reached $2.561 billion, a 247% year-over-year increase, primarily driven by growth in cloud computing partnerships, Grok subscriptions, and X advertising. Rocket business revenue stood at $962 million. Additionally, SpaceX disclosed that its AI computing capacity has reached 1.4 gigawatts, up from 400 megawatts a year ago, and plans to continue utilizing NVIDIA AI chips. The company expects AI business annualized revenue to reach $10 billion by December this year. Market analysts believe SpaceX’s future growth will depend on Starlink expansion, Starship commercialization, and returns from AI infrastructure investments. If capital expenditures cannot quickly translate into revenue growth, the company’s $1 trillion revenue target will face greater challenges. [Original Link]