SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
Revenue rose 92% to $7.8 billion as Starlink growth and AI contracts offset a $541 million quarterly loss, SpaceX said.
- SpaceX reported a loss of more than $500 million in its first quarterly earnings report since going public in June, continuing its financial deficits.
- The company announced revenue of $7.8 billion for the quarter, nearly doubling from the previous year, mainly driven by its Starlink satellite internet service.
- Starlink accounted for 60% of SpaceX's 2025 revenue and is the only consistently profitable unit.
- Starlink subscribers doubled to 12 million, contributing to more than half of SpaceX's total revenue for the quarter ending in June.
254 Articles
254 Articles
SpaceX, with its first annual report since the record stock exchange in June, has disappointed investors' expectations.
SCIENCE & TECH: SpaceX posts loss in first report as a public company but less than expected – One America News Network
By BERNARD CONDONUpdated 3:35 PM PDT, August 4, 2026 SpaceX’s mega rocket Starship lifts off for a test flight from Starbase, Texas, Friday, July 24, 2026. (AP Photo/Eric Gay) NEW YORK (AP) — SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public company as it sharply boosted spending, particularly on artificial intelligence. The company run by Elon Musk posted a loss of $…
SpaceX says some travelers are skipping direct options just to fly on a plane with Starlink
SpaceX president Gwynne Shotwell said the technology company has heard that customers are favoring short-haul flights with Starlink capabilities.Kevin Carter/Getty ImagesSpaceX's president said customers are choosing shorter flights and more stops to get Starlink.MrBeast said he would eventually book flights based on Starlink access, even if it adds a layover.BI contacted 13 airlines with Starlink agreements, but none verified Shotwell's account…
Elon Musk Projects $1T in SpaceX Revenue After Spending $16B on A.I. in 3 Months
In its first earnings release as a public company, Elon Musk's SpaceX reported $7.8 billion in quarterly revenue, while heavy spending on xAI infrastructure sent shares lower after hours.
Elon Musk Admits Moon Robot Plans Sound 'Totally Nuts' as SpaceX Shares Tank on Debut Earnings
SpaceX's first earnings report as a publicly listed company failed to reassure investors on Tuesday, with shares falling more than 5% after the company posted stronger-than-expected revenue but revealed far heavier spending on artificial intelligence than markets had anticipated. As the stock continued sliding during the earnings call, Chief Executive Elon Musk responded not by lowering expectations but by outlining an even grander vision for th…
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