cnbc_topnews

SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers

📰 source: cnbc_topnews · 💼 business

spacex spent $295 million on tesla megapacks in q2, bringing its first-half total to $329 million, according to financial filings. the battery storage systems are being installed at spacexai's colossus data centers near memphis to help power ai workloads.

megapacks store energy from sources like solar, wind, and fossil fuels, and are made by tesla. competitors like sungrow, byd, catl, lg, and fluence also make similar systems. alongside the batteries, spacexai has installed gas turbines at the sites, drawing community complaints over noise and pollution. the naacp has sued spacexai in federal court over turbine use without permits.

on the q2 earnings call, musk said the goal is to have 20 gigawatts of power and cooling online by end of next year, though he allowed some projects may slip, landing closer to 15 gigawatts. last year spacex bought $506 million of megapacks and $131 million of cybertrucks, but has not disclosed further cybertruck purchases in 2026.

why it matters: tesla megapack orders from spacex show ai data center power demand is becoming a significant revenue driver for tesla's energy business.

source: cnbc_topnews
sentiment: +0.50 · impact: 0.50

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

Read more

Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects