SpaceX's 1st Earnings Report, Big Tech Spending $725B & LinkedIn AI Slop
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What headlines are leading the Rich Habits Radar this week?
Welcome back to the Rich Habits Radar, our Friday episode of the Rich Habits Podcast, where every Friday morning we're coming at you with the biggest headlines impacting you and your money. This episode is brought to you by public.com. My name is Austin Hankowitz. I'm joined by my co-host Robert Croak. And the three things sitting at the top of our Rich Habits Radar this week include big tech spending a trillion dollars on AI infrastructure next year, SpaceX. Recent earnings call, their first earnings call actually, since being a publicly traded company, and the hundred billion dollars of insider stock that's just getting unlocked for the very first time, and recent US jobless claims. Be sure to stick around to the end where we talk about what LinkedIn is doing about everyone suddenly using AI on their platform.
Robert, let's dig into our first story.
That's right. I'm excited about this episode. A lot of numbers, a lot of stats, and it's going to be great. 725 billion in AI CapEx spending for big tech across the five biggest AI spenders, including Amazon, Microsoft, Alphabet, Meta, and Oracle, 2026 CapEx guidance now totals more than $725 billion. That's up 77% from the roughly $410 billion they spent in 2025 and more than triple the $226 billion spent in 2024. Wall Street analysts at Bank of America are already projecting this number crosses $1 trillion in 2027.
Yeah, let's talk about that big AI CapEx spending. So $725 billion in AI infrastructure spending for this year, a trillion for next year, Robert. That is such a big number. And Amazon is leading the pack at $220 billion. The number that their CEO Andy Jassy raised from their original $200 billion guidance that was issued during their Q2 earnings call last week. Andy Jassy. Alphabet is next. They're spending about 200 billion. Microsoft guided to roughly 175 billion for this year. Meta raised the low end of their guidance to 135 billion with their ceiling at 145 billion. And then you've got the wild card, Oracle. Oracle's guiding for 70 billion of net of customer prepayments, which is roughly 90 to 95 billion.
million dollar gross for their fiscal AI CapEx spend of twenty twenty seven.
Austin, that is a whole lot of billions. And this isn't speculative spending. These companies are sitting on a combined $2.3 trillion on contracted revenue backlogs. $2.3 trillion. That's remaining performance obligations, essentially contracts signed by customers that haven't been fulfilled yet. And the number is up sixteen percent from just last quarter, according to Bank of America analyst Vivek Arye.
In Microsoft's commercial backlog, Robert, you're talking about this like remaining performance obligation. Let's break it down one by one. Microsoft six hundred seventy-eight billion dollars of a backlog. That's revenue that people have signed a contract. Yes, I will give this money to you. I'm ready. We just need the data centers, right? Six hundred and seventy-eight billion for Microsoft. AWS at Amazon at nearly half a trillion at four hundred and ninety-six billion, right? We've got That's uh Google Cloud, $514 billion. Oracle, now here's again this wild card, $638 billion of remaining performance obligation. But with Oracle, why they're the wild card is because uh half of that is coming from a single customer, which is OpenAI.
OpenAI is definitely not public yet, and they also are not doing hundreds of billions of revenue. revenue, uh, which means I don't know how they're gonna pay, you know, 300 billion to Oracle. Like so that one's a little over here, right? That kind of shows you how wishy-washy some of this backlog can be. But regardless, it is nothing to sneeze at.
How much are the top five tech companies spending on AI infrastructure in 2025‑2026?
You mentioned that 2.3 trillion, Robert, and it's such a big number.
Yeah, I don't think because you know, everyone's asking us in the Rich Abbots Network, is this the dot com bubble in bust or the boom in bust? I don't think we're there yet, but it's definitely a pretty crazy house of cards when you think about all of these billions and tens and tens of billions that are being spent.
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