Revenue for the three months ended June 30, 2026 increased by $1,824 million, or 247.5%, compared to the three months ended June 30, 2025 due to the increase in AI solutions and infrastructure revenue of $1,883 million, partially offset by decrease in advertising revenue of $59 million. The increase in AI solutions and infrastructure was primarily due to an increase in AI infrastructure revenue of $1,600 million as we began to offer cloud services to customers and an increase in Grok and X subscription revenue of $258 million. The decrease in advertising revenue was due to the Company’s transition to a new advertising platform which impacted ad sales for a short period of time.
Includes: Grok models, the X platform and its advertising, Grok and X subscriptions, AI data centers and cloud compute. This is the defined basket you trade; its brands are not separate holdings.
Company-reported revenue ratios set opening prices. Trading determines prices afterward. Revenue share and current market weight can differ.
100 tokens of every segment make a complete set redeemable for 1 SPCX, subject to fees. Holding this partial gives no separate voting rights over the business.
Includes: Grok models, the X platform and its advertising, Grok and X subscriptions, AI data centers and cloud compute. This is the defined basket you trade; its brands are not separate holdings.
Company-reported revenue ratios set opening prices. Trading determines prices afterward. Revenue share and current market weight can differ.
100 tokens of every segment make a complete set redeemable for 1 SPCX, subject to fees. Holding this partial gives no separate voting rights over the business.
