SpaceX posts first public quarter with revenue up 92% to $7.8 billion

SpaceX reported its first quarterly results as a public company for the quarter ended June 2026. Revenue rose 92% to about $7.8 billion, above the roughly $6.9 billion consensus, and the net loss narrowed to $541 million, or 9 cents a share. Connectivity (Starlink) and AI both grew fast, but the shares fell in after-hours trading after the report.

• Revenue $7.8 billion, up 92% year over year, versus about $6.9 billion expected
• Net loss $541 million, or 9 cents a share; adjusted EBITDA $3.5 billion
• Connectivity revenue $4.29 billion, up 66%, with a 38.6% operating margin
• AI segment revenue $2.6 billion, up 247%; operating loss $1.26 billion versus $2.47 billion in Q1
• About 12 million Starlink subscribers; average revenue per user $66 a month