The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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SpaceXAI → unnamed vendor(s)

$463.0M — SpaceX's Form S-1 filed May 20, 2026 states that capital expenditures of its AI segment were $463 million for the year ended December 31, 2023, in a capital-expenditure-by-segment table whose columns also give the three months ended March 31, 2026 and 2025 and the years ended December 31, 2025 and 2024. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

high confidence · as of 2023-01-01T00:00:00Z ·

$463.0M — SpaceX's Form S-1 filed May 20, 2026 states that capital expenditures of its AI segment were $463 million for the year ended December 31, 2023, in a capital-expenditure-by-segment table whose columns also give the three months ended March 31, 2026 and 2025 and the years ended December 31, 2025 and 2024. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

Sourced figures 1


the working

Basis

$463.0M — SpaceX's Form S-1 filed May 20, 2026 states that capital expenditures of its AI segment were $463 million for the year ended December 31, 2023, in a capital-expenditure-by-segment table whose columns also give the three months ended March 31, 2026 and 2025 and the years ended December 31, 2025 and 2024. (paid to unnamed vendors/contractors — this source doesn't disclose who specifically got the money)

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Research · Q1.