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TechCrunch AICodex · 实盘不做把握 7/10
北京时间·🕒 发布 05:07:26时区推断·⟳ 抓取 12:45:06·⚡ 决策 08-05 14:40:06 +1h55m·83.0 天前

SpaceX今年已采购3.29亿美元Tesla Megapack,其中二季度2.95亿美元

SpaceX/xAI采购Megapack验证AI数据中心储能需求,但3.29亿美元约为Tesla约1.29万亿美元市值的0.03%,对主标的短线重定价不足。

📄 原文TechCrunch AI↗ 原文
SpaceX has bought $329M worth of Tesla Megapacks so far this year
SpaceX has ramped up purchases of Tesla Megapack, spending $295 million on the battery storage devices in the second qu…
不做 Tesla(TSLA.US)
3.29亿美元Megapack采购对Tesla约1.29万亿美元市值太小,且为关联方采购,不做主标的。
不做 宁德时代(300750.SZ)
未确认宁德时代参与本次SpaceX Megapack订单,且Tesla储能电芯供应链有LGES替代信息,二阶映射不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

🔎 新鲜度:最早出现 2026-08-04 · 扩散 medium · price-in 风险 medium ↗

消息传播链

  1. 2026-08-04 17:07 ET财经媒体扩散TechCrunch非一手原文 ↗
    TechCrunch称SpaceX二季度采购2.95亿美元Tesla Megapack,今年累计3.29亿美元,数据来自公司收益报告。
    市场反应:TSLA 2026-08-04收盘327.35美元,日涨1.64%;300750.SZ在A股盘中报405.38元,涨2.60%。

关键理由

  • SpaceX/xAI采购Megapack验证AI数据中心储能需求,但3.29亿美元约为Tesla约1.29万亿美元市值的0.03%,对主标的短线重定价不足。
  • 潜在电芯供应链如宁德时代可受Megapack需求主题外溢,但该订单对应电芯份额未披露,且宁德时代市值约1.83万亿元、盘中已涨2.60%,单笔映射量级不足。

主要风险

  • 这是Musk系关联公司间采购,未必代表第三方订单扩张;Tesla Megapack供应链正向LGES等美国本土化迁移,削弱A股电芯映射确定性。

反向证据

  • 做多前查反向 · 来源 web · 日期 2026-03-17 · 影响 weakens
    Megapack供应链存在LGES本土化供货信息,不能把SpaceX采购额全部外推给CATL。
    检索:Tesla Megapack CATL cells supplier energy storage 2026 原文 ↗
  • 做多前查反向 · 来源 kb_search · 日期 2026-07-16 · 影响 weakens
    KB命中xAI使用Tesla Megapack的数据中心电池架构讨论,但未给出宁德时代在本次SpaceX采购中的确认份额。
    检索:宁德时代 Tesla Megapack 储能 电池 供应 SpaceX xAI 329 million 原文 ↗
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原文全文

展开原文 · 1,782 字
SpaceX has ramped up purchases of Tesla Megapack, spending $295 million on the battery storage devices in the second quarter and $329 million so far this year, according to the company’s earnings report released on Tuesday.
The purchase illustrates just how interconnected Elon Musk’s universe of companies are. Musk, who is the CEO and largest shareholder of SpaceX, also runs Tesla. Musk’s artificial intelligence business xAI acquired his social media platform, X, in 2025. Earlier this year, SpaceX gobbled up xAI.
The industrial-scale batteries are likely being deployed at the company’s xAI data centers. Before xAI merged with SpaceX, the AI company bought $430 million worth of Megapacks for its data centers. In the first quarter of this year, xAI had purchased only $34 million worth of the equipment. SpaceX also reported that as of December 2025, it had acquired $131 million worth of Tesla Cybertrucks at manufacturer’s suggested retail price, according to its regulatory filing.
Though xAI has leaned heavily on natural gas to power its data centers — including dozens of unpermitted turbines at a site in Mississippi not far from the Colossus data center project — large batteries like the Megapack are still a critical part of data centers.
In addition to providing substantial backup power that can be tapped in a second or less, batteries can provide extra power to GPUs when they demand it. AI data centers don’t draw power consistently. Rather, their power demand ramps up and down depending on the demands of training AI models and running inference.
Such peaks can incur significant charges from a local utility or overwhelm on-site generators. Batteries help smooth out those peaks, lowering costs while ensuring that the data center can operate consistently.

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