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SpaceX’s xAI just bought another $269M of Tesla Megapacks

SpaceX’s xAI purchased an additional $269 million worth of Tesla Megapack products in April 2026 alone, according to an amended S-1 IPO filing published yesterday. That single month’s spending exceeded xAI’s total Megapack purchases for all of 2024, bringing cumulative spending on the energy storage systems to roughly $1 billion since 2024. The massive expenditure highlights the immense power demands of AI data centers and the deepening financial ties between Elon Musk’s companies.

read1 min publishedJun 4, 2026

SpaceX’s amended S-1 IPO filing, published yesterday, reveals that xAI purchased another $269 million worth of Tesla Megapack products in April 2026 alone. That single month exceeds what xAI spent on Tesla Megapacks in all of 2024.

The purchase brings total Megapack spending by xAI to roughly $1 billion since 2024 — a staggering figure that underscores both how power-hungry AI data centers have become and how deeply intertwined Elon Musk’s companies are.

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