SpaceX is expanding investment in artificial intelligence infrastructure, its third-quarter results show. The company spent $16.4 billion in AI-related capital expenditure and forecast total capital spending of $35 billion to $40 billion this quarter as new computing facilities come online. CFO Bret Johnsen said the new facilities could recoup investment in less than a year at current prices. Third-quarter AI revenue topped estimates and exceeded Starlink revenue for the first time on a quarterly basis.

Moves by major technology companies targeting local, on-device AI that runs on standard hardware are accelerating, with Microsoft joining Nvidia in an aggressive push. Microsoft unveiled a new Surface Laptop Ultra with Nvidia AI chips and highlighted “hybrid intelligence” that splits AI work between PCs and the cloud. Nvidia introduced a 64GB DGX Spark configuration. Competition is also intensifying in personal AI agents, as startups raise funding and companies roll out new models, platforms and acquisitions.