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SpaceX spends $329 million on Tesla Megapacks in 2026, aimed at xAI power demand?

SpaceX spent $329 million this year on Tesla's large energy storage system Megapack, with $295 million invested in the second quarter, TechCrunch reported. The purchases underscore links among companies led by Elon Musk, who runs SpaceX and co-leads Tesla, while xAI bought X in 2025 and was absorbed by SpaceX early this year. The market expects the batteries to be used at xAI data centres, where power demand can surge.