SpaceX revenue jumps 92% in first earnings after IPO
SpaceX reported $7.8 billion in quarterly revenue, a 92% increase, but posted a $541 million net loss in its first earnings report since going public in June.
Updated last month6 new reports, including CBS News, Bloomberg.
The short version
SpaceX released its first earnings report as a public company on August 4, showing revenue of $7.8 billion for the second quarter, a 92% increase from the prior year. The company reported a net loss of $541 million, which was smaller than the $1 billion loss in the same period last year.
SpaceX released its first earnings report as a public company on August 4, 2026.3,4,5,9 The company reported quarterly revenue of $7.8 billion for the second quarter.4,5,6,7,9 Revenue increased 92% compared to the same period the prior year.5,6,7
SpaceX reported a net loss of $541 million for the quarter.5,6,7 The net loss was an improvement from a $1 billion loss in the same period last year.5,7 SpaceX posted an operating loss of $143 million for the quarter.6
Earnings per share loss was reported at $0.09, beating analyst expectations of a $0.26 loss per share.5,6 Wall Street had forecasted revenue of approximately $6.9 billion for the quarter.5 SpaceX went public on the Nasdaq in June 2026.5,3
The company's stock had lost more than $500 billion in market value since its IPO.1 SpaceX's earnings report was released after the market close on August 4.4,6,7 The earnings report was one of the most anticipated of the summer for traders.2
SpaceX's revenue growth was driven by its rocket, satellite, and connectivity businesses.4 Elon Musk participated in the earnings call, making additional claims beyond those presented by executives.8 The earnings report was released alongside AMD's quarterly results.1
Why it matters
An initial public offering (IPO) is the first sale of stock by a company to the public, typically to raise capital for expansion or to allow early investors to sell their shares.5,3
The Nasdaq is a global electronic marketplace for buying and selling securities, known for listing many technology companies.5
This account was written from the 9 reports listed below, filed by 11 independent outlets, and checked against them line by line. It is not a copy of any one of them. Spotted an error? Tell us.
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