SpaceX Invests $329 Million in Tesla Megapacks in 2023: A Bold Move Towards Sustainable Energy
SpaceX has significantly increased its acquisition of Tesla Megapacks, totaling $329 million in purchases this year, according to recent earnings reports. Of this amount, $295 million was spent in the second quarter alone.
This surge in spending not only highlights SpaceX’s ambitions but also illustrates the deep connections within Elon Musk’s enterprises. Musk, who leads both SpaceX and Tesla, has been integrating his ventures closely. For instance, Musk’s AI company, xAI, recently acquired his social media platform, X, and earlier this year, SpaceX absorbed xAI’s operations.
The industrial-scale Megapacks are likely being utilized in xAI’s data centers, which are essential for supporting AI workloads. Prior to the merger with SpaceX, xAI had already invested $430 million in Megapacks for energy storage at these locations, though it only spent $34 million in the first quarter of this year. In addition, as of December 2025, SpaceX’s filings revealed it had purchased over $131 million worth of Tesla Cybertrucks.
Despite relying heavily on natural gas power for its facilities—reportedly operating unpermitted turbines in Mississippi—the incorporation of large battery systems like the Megapack remains vital. These batteries ensure immediate access to backup power while also supplementing energy for GPU-intensive tasks, which are essential for training and executing AI models. Such systems help stabilize power demand and mitigate potential charges from utility providers during peak consumption times, ultimately aiding in the efficient operation of data centers.
For further details, you can explore the earnings report or read more about this integration of technology on TechCrunch’s coverage.
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