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SpaceX Exceeds Revenue Estimates in First Earnings Since IPO
Posted
August 5, 2026
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146
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August 5, 2026
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1:16Now PlayingSpaceX’s revenue exceeded Wall Street’s expectations in the company’s first quarterly financial report following its blockbuster IPO in June. Ed Ludlow has the info on Elon Musk's rocket, satellite and AI conglomerate. #spacex #elonmusk #space #ipo #business #news #usa
SpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts.
SpaceX reported revenue of $7.8 billion, greater than the $6.81 billion analysts estimated on average, and lost 9 cents a share for the quarter, less than the 24-cent loss analysts forecast.
The company's Starlink satellite-internet service reached 12 million subscribers by the second quarter, and SpaceX intends to build out terrestrial mobile infrastructure and use Starlink to develop a direct-to-mobile service.
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