On their first earnings call since SpaceX's June public offering, executives said the company is pouring funds into rocket development, Starlink satellites and AI.
SpaceX revenue doubled to $7.8B post-IPO with $541M loss on $18.4B capex; stock crashed $225→$125. Unproven space data centers eating Starlink profits highlight risk of aggressive AI infrastructure bets outrunning business fundamentals.
A view of the Nasdaq MarketSite after SpaceX company executives rang the opening bell to celebrate the launch of SpaceX's initial public offering (IPO) in New York on June 12, 2026.
TIMOTHY A. CLARY/AFP via Getty Images
hide caption
toggle caption
TIMOTHY A. CLARY/AFP via Getty Images
SpaceX tops revenue expectations in first earnings report after IPO
SpaceX revenue surges in debut results, with strong growth in Starlink business | The National
US stocks: SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
SpaceX revenue jumps 92% in first earnings report, but shares slide
SpaceX beats expectations in its first quarterly report as a public company
SpaceX revenue jumps 92% in first earnings report
Elon Musk's SpaceX beats revenue expectations in debut earnings call after IPO
SpaceX revenue jumps 92% but stock tumbles as investors weigh AI spending | CNN Business
SpaceX reports first earnings since IPO, putting Starlink and AI spending under the microscope
SpaceX revenue jumps 92% in first earnings report since IPO, raising questions about tech valuations across markets
Elon Musk's company reports revenue of $7.8bn, beating expectations
