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BearishMEDIUM severityTech & AI19d ago

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

Reported by CNBC · cnbc.com · August 5, 2026

SpaceX is using Tesla's big Megapack backup batteries to help power its Colossus AI data centers in Greater Memphis.

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What to watch: Demand softness or margin pressure in tech often leads broader market sentiment.

Market reaction today: $TSLA -3.83%

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