Space giant SpaceX (NASDAQ:SPCX) reported its first quarterly financial results as a public company Tuesday after market close.
• What’s driving SPCX stock today?
Here are the highlights.
SpaceX Q2 Earnings
SpaceX reported second-quarter revenue of $7.81 billion, up 92% year-over-year. The revenue total beat a Street consensus estimate of $6.93 billion according to data from Benzing Pro.
Revenue by segment was the following:
- Space: $962 million, +29% year-over-year
- Connectivity: $4.29 billion, +66% year-over-year
- AI: $2.56 billion, +247% year-over-year
The company reported a loss of nine cents per share, beating a Street consensus estimate of a loss of 24 cents per share.
Operating loss/income by segment was:
- Space: -$542 million
- Connectivity: +$1.66 billion
- AI: -$1.26 billion
SpaceX highlighted two successful Starship V3 flight tests over the last 90 days, closing $14.1 billion in cloud service agreements contracted sales and doubling Starlink subscribers year-over-year to 12 million.
The company has had 78 launches year-to-date and Starlink now serves 167 countries.
Digital assets, which include the company’s Bitcoin (CRYPTO:BTC) holdings, were $1.1 billion at the end of the quarter, down from $1.6 billion in the previous quarter.
"2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX," SpaceX Chief Financial Officer Bret Johnsen said.
What’s Next for SpaceX
The company ended the quarter with $100 billion in cash and cash equivalents.
SpaceX’s total backlog was $47.5 billion at the end of the quarter.
"This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework," Johnsen said.
SpaceX Stock Price Action
SpaceX stock is down 6.20% to $117.56 in after-hours trading Tuesday versus a 52-week trading range of $104.83 to $225.64. The company went public at $135 per share, with shares opening at $150 when the stock was public.
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