The rocket and satellite company beat Wall Street's loss forecasts in its first quarterly report as a public company, even as investors question its heavy AI spending and whether Elon Musk has oversold its prospects.
Published on
05/08/2026 - 9:42 GMT+2
SpaceX has reported a smaller loss than Wall Street expected alongside a surge in revenue in its first quarterly results as a public company.
The rocket, satellite and AI firm sharply increased spending in the quarter, particularly on artificial intelligence.
The company run by Elon Musk posted a loss of $541 million (€469mn) or 9 cents a share in the three months to the end of June.
SpaceX's debut earnings report showed rapid growth, but investors remain uneasy about the cost of its AI ambitions.
SpaceX shares are down by half from their June peak as investors worry Musk may have oversold them on its future prospects.
SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO…
SpaceX reported results that beat forecasts for revenue, AI losses and Starlink subscriber growth. Read more at straitstimes.com.…
Investors have been looking for Elon Musk to deliver AI advancements.
Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations.
SpaceX revenue jumps 92% but stock tumbles as investors weigh AI spending | CNN Business
