SpaceX posts a $541 million loss in its first quarterly report as revenue jumps 90% to $7.8 billion

SpaceX published its first quarterly statement as a public company on Tuesday 4 August 2026, reporting a loss of $541 million, or 9 cents per share, for the three months through June, less than half what analysts had expected. Revenue jumped more than 90% year on year to $7.8 billion, beating an LSEG forecast of more than $6.9 billion and a Bloomberg analyst estimate of $6.8 billion.

According to filings with the US Securities and Exchange Commission, the company ended the second quarter with $100 billion in cash. SpaceX pointed to $6 billion in new US government contracts for Starshield, its national security satellite system, and two successful launches of Starship V3 in the past 90 days. It said it spent $18.37 billion on Starlink and Starship expansion, while its AI business recorded an operating loss of $1.2 billion.

SpaceX shares closed Tuesday's regular session up 9.4%, but traded 7.2% below the closing price in after hours dealing. The stock has fallen 8% since its initial public offering earlier this year. The company also said it had partnered with Nvidia to use its chips in the Starmind AI1 orbital compute satellites.