SpaceX's Connectivity division generated enough operating profit in Q2 to offset more than 92% of the combined operating losses from its Space and AI businesses.

SpaceX is set to ramp up spending as analysts forecast negative free cash flow and focus on its long-term growth outlook.

Follow SpaceX’s Q2 2026 earnings live, with updates on revenue, Starlink, AI spending, Starship, guidance and SPCX stock.

SpaceX's debut earnings report showed rapid growth, but investors remain uneasy about the cost of its AI ambitions.

SpaceX reported a strong debut quarterly performance as a public company, with revenue surging 92% year-on-year to $7.8 billion in the April–June quarter, driven by robust growth…