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00:02SpaceX increased purchases of Tesla Megapack battery energy storage systems in the second quarter,
00:07spending $295 million to support SpaceX AI's Colossus data centers in the greater Memphis area,
00:13according to CNBC.
00:15The purchases brought SpaceX's total Megapack spending to $329 million in the first half of
00:202026.
00:22Megapacks support business and utility scale projects, while Megablocks combine four Megapacks
00:26around one transformer.
00:27The battery systems store energy from fossil fuels, solar, wind, and other sources to
00:32help data centers and utilities avoid blackouts.
00:35The company has also installed natural gas-burning turbines at the facilities, prompting community
00:39complaints over emissions, noise, and air pollution.
00:42On the company's second quarter earnings call, CEO Elon Musk said SpaceX plans to rapidly expand
00:47its AI infrastructure and power plants, targeting nearly 20 gigawatts of power and cooling by
00:52the end of next year.
00:53For all things money, visit Benzinga.com.
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