SpaceX revenue surges 92% to $7.8 billion

• SpaceX reported second-quarter revenue of $7.8 billion, up 92% from $4.1 billion one year earlier.
• Adjusted EBITDA reached $3.5 billion, beating Wall Street’s forecast of about $2.1 billion.
• Starlink growth and new AI-compute contracts supported revenue, although both AI infrastructure and Starship require continued investment.

Space Exploration Technologies (NASDAQ:SPCX) reported second-quarter revenue of $7.8 billion, up 92%, in its first earnings release since going public.

Revenue exceeded the $6.93 billion analyst estimate, while adjusted EBITDA of $3.5 billion topped expectations of approximately $2.1 billion.

SpaceX recorded a $541 million net loss attributable to shareholders and invested $18.37 billion across AI infrastructure, Starship and Starlink expansion.

The company’s AI business generated compute revenue from Anthropic and Reflection AI, while its Alphabet contract had not started contributing fully during the quarter.

Following the announcement, SpaceX's share price was up 3.1% at $129.20 in after-hours trading.

Starlink had surpassed 12 million customers across more than 160 countries and territories before the quarter ended.

Meanwhile, up to 911.5 million employee and early-investor shares become eligible for sale on August 6, which could increase the publicly traded share supply.