Archive · 5 Aug 2026
SpaceX first earnings report: revenue up 92%, spending up 550%
SpaceX is a company that builds rockets and sends things into space.
It recently let people buy parts of it on the stock market, which happened in June.
For the first time, it shared a big money report with everyone.
The report showed SpaceX made a lot more money than before — $7.8 billion, which is almost twice what it made last year.
But it also spent even more money, $18.3 billion, much of it on artificial intelligence computers.
Its internet-from-space service, called Starlink, made the most money of all.
The rocket part of the business actually lost some money.
Elon Musk, the boss, thinks Starlink could one day give most of the world internet access.
He also wants to team up with a company called Nvidia to put smart computers on satellites.
Musk even has a wild idea about robots on the Moon helping build things.
The report was exciting to investors, and the company says it is on track to earn a lot more soon.
SpaceX posted 92% revenue growth to $7.8 billion in its first earnings report since its June IPO.
The company's spending rose more than 550% to $18.3 billion, including $15.83 billion in AI investments.
Starlink led the business with $4.29 billion in revenue, while the space segment posted a $542 million net loss.
SpaceX and Nvidia announced a partnership to design 'Starmind AI1' satellites with Rubin GPUs and Vera CPUs for orbital data centres.
Musk said Starlink could deliver a majority of the world's internet in less than 10 years and floated using moon-based robots for manufacturing.
- Who
- SpaceX CEO Elon Musk and CFO Bret Johnsen presented the company's first quarterly earnings call.
- What
- SpaceX reported 92% revenue growth to $7.8 billion while spending rose 550% to $18.3 billion, and announced an AI-focused satellite partnership with Nvidia.
- When
- The quarterly earnings report was revealed Tuesday (US time); SpaceX shares began trading on the US stock market in June.
- Where
- United States, where SpaceX began trading on the US stock market.
- Why
- SpaceX is expanding beyond rockets into satellite internet and artificial intelligence, investing billions in AI infrastructure.
- Q2 revenue
- $7.8 billion (up 92% year over year from $4.1 billion)
- Q2 spending
- $18.3 billion (up more than 550%)
- AI capital expenditure
- $15.83 billion
- Starlink revenue
- $4.29 billion (up from $3.83 billion expected)
- Space segment
- $962 million revenue; $542 million net loss
- AI segment
- $2.56 billion revenue; $1.26 billion operating loss
- Connectivity operating income
- $1.66 billion
- Nvidia partnership
- Starmind AI1 satellite compute payload with NVIDIA Rubin GPUs and Vera CPUs