SpaceX tops revenue estimates in first quarterly report since IPO

SpaceX tops revenue estimates in first quarterly report since IPO

Tue, August 4, 2026 at 11:29 PM GMT+3 2 min read

• SPCX -13.61%

SpaceX Corp (NASDAQ:SPCX) reported higher revenue and a narrower-than-expected loss in its first earnings report since the satellite, launch and AI company's initial public offering.

Revenue of $7.8 billion topped analyst estimates of $6.93 billion, up 92% year over year from $4.1 billion.

The company reported a GAAP loss of $0.09 per share, compared with analyst expectations for a loss of $0.23 per share. Net loss was $541 million, an improvement of $467 million from a loss of $1.0 billion a year earlier.

Adjusted EBITDA increased 191% to $3.5 billion from $1.2 billion.

SpaceX said revenue growth across its Space, Connectivity and AI businesses demonstrated the impact of its vertical integration strategy.

The Connectivity segment posted 66% revenue growth and 79% growth in income from operations, driven by a doubling of Starlink subscribers and continued momentum in its Enterprise and Government businesses.

The company also reported $14.1 billion in contracted sales from multiple Cloud Services Agreements and said it had been awarded more than $6 billion in multi-year US government contracts for Starshield.

SpaceX completed two Starship V3 flight tests during the past 90 days, which it said advanced its efforts toward full and rapid reusability.

"2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX," the company's CFO Bret Johnsen said. "Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements."

Following the report, shares of SpaceX fell about 5% amid continued concerns about rising capital expenditures and impending insider lockup expirations.