SpaceX reported its first quarterly results as a public company on Tuesday, posting $7.8 billion in revenue for the second quarter, up 92% from a year earlier, while remaining unprofitable on a net basis.
In its official release, Space Exploration Technologies Corp. (Nasdaq: SPCX) said net loss narrowed to $541 million from $1.0 billion a year earlier, and Adjusted EBITDA rose to $3.5 billion. The company ended June with $100 billion in cash, cash equivalents, and marketable securities and $47.5 billion in backlog.
CNN Business reported that the results cleared a consensus forecast near $6.8 billion in revenue and a much wider net loss, yet SpaceX shares fell more than 8% in late trading as investors focused on capital spending. SpaceX said second-quarter capital expenditures reached about $18.4 billion, with roughly $15.8 billion tied to its AI segment, according to the company’s tables.
CNBC’s earnings coverage said revenue of $7.81 billion beat StreetAccount estimates around $6.93 billion, with Connectivity still the only profitable segment on an operating basis. Connectivity revenue was $4.29 billion, AI $2.56 billion, and Space $962 million, matching the segment figures in SpaceX’s release.
Search interest for spacex stock rose on 5 Aug 2026, ranking 13 on the Google Trends pull as of 12:01 UTC, as Wall Street digested SpaceX’s first public quarterly results from the prior evening, with no companion Louisiana spaceport query on the same board.
A separate pressure point sits just ahead of the tape. The Motley Fool and other market notes say SpaceX’s first post-IPO lockup tranche opens Thursday, Aug. 6, potentially freeing up to about 911.5 million insider shares for sale against a public float still below roughly 280 million shares. CNN cited GraniteShares CEO Will Rhind arguing the after-hours slump may be “less about the earnings and more about what’s coming in the next few days” when early holders can sell.
SpaceX also said it closed Cloud Services Agreements totaling $14.1 billion in contracted AI sales and pointed to Starlink subscriber growth that lifted Connectivity revenue 66% year over year. Whether the earnings beat or the lockup calendar dominates trading remains the near-term question for SPCX.