SpaceX first earnings report since IPO

SpaceX reported its first quarterly earnings as a publicly traded company on August 4, 2026, for Q2 2026. Revenue surged 92% year-over-year to $7.8 billion, beating analyst estimates of around $6.9 billion. The company posted a net loss of $541 million, narrower than the $1.0 billion loss a year earlier and better than expected. Adjusted EBITDA rose 191% to $3.5 billion. The Connectivity segment, led by SpaceX — Starlink, generated $4.3 billion in revenue as subscribers doubled to 12 million. The AI division brought in $2.6 billion in revenue but recorded an operating loss of $1.26 billion. The Space segment reported $962 million in revenue with an operating loss of $542 million. SpaceX invested $18.37 billion in AI infrastructure, Starship development, and SpaceX — Starlink expansion during the quarter. The company secured a $1.6 billion launch contract from the U.S. Space Force and over $6 billion in multi-year U.S. government contracts for Starshield. SpaceX completed two Starship V3 flight tests. Following the report, shares initially rose but fell in after-hours trading amid concerns about capital expenditures and upcoming lock-up expirations.