SpaceX shares fall more than 8% after hours as capex of $18.4 billion tops estimates

SpaceX shares fell more than 8% in late trading on August 4, 2026, after its first quarterly report as a public company. Revenue of $7.81 billion beat the $6.93 billion analyst estimate and the net loss was narrower than expected, but capital spending of $18.37 billion was far above the roughly $13 billion analysts had modelled. SpaceX gave no guidance in its release.

• Capex: $18.37 billion in Q2, against about $13 billion modelled by analysts
• Revenue: $7.81 billion, up 92% from $4.07 billion, versus $6.93 billion expected
• Net loss: $0.09 per share, versus an expected loss of $0.26 per share
• No guidance given in the earnings release