SpaceX Posts Record 92% Revenue Rise in Debut Earnings Report

SpaceX posted its first earnings report since its record June 2026 IPO, with second-quarter revenue up 92% year over year to $7.81 billion, beating Wall Street's $6.93 billion estimate .

All three of SpaceX's reporting segments topped expectations. Connectivity revenue, driven by Starlink, rose 66% to $4.3 billion as subscribers doubled year over year to 12 million. The Space segment, covering launch and infrastructure, grew 29% to $962 million. The newest segment, AI, jumped 247% to $2.56 billion on new cloud service agreements.

Profitability also improved: SpaceX's net loss narrowed to $541 million from roughly $1 billion a year earlier, with a loss of 9 cents per share versus the 26-cent loss analysts had expected. Even so, shares fell about 7% in after-hours trading as capital expenditures climbed sharply, and options markets priced in an unusually wide roughly $225 billion swing in the company's market value around the print.

Because SpaceX and TSLA share CEO Elon Musk, some traders speculated the results could spill over into Tesla's stock, even though the two are separate companies operating in different industries, aerospace and satellite connectivity versus automotive, with no direct corporate or supply relationship. Musk is expected to face investor questions on capital spending plans and future projects like Starship in the aftermath of the report.

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