HomeCapEx: Actual vs Estimates, Plus Buyers Outside the five hyperscalers
Listed Neoclouds Plus SPCX CapEx (Analyst Estimates, $B/Year)
Listed Neoclouds Plus SPCX CapEx (Analyst Estimates, $B/Year)#
SpaceX alone is estimated at $181B of CapEx in 2027, more than the five listed neoclouds combined.Draft, pending review
How to read this chart
The verifiable part of demand outside the five hyperscalers. SpaceX's 2Q26 became an actual $18.4B, and analysts raised the second half to $19B to $20B a quarter.
Source: Company filings and analyst estimates (FinSight compilation and estimates) · Updated 2026-09-03
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