SpaceX Q2 Revenue Hits $7.8B, AI Surges 247%; Morgan Stanley Sees $3.5T by 2040
SPCX sits 36% above its 52-week low of $104.83.
Summary
SpaceX reported Q2 2026 revenue of $7.8 billion, up 92% year-over-year, with AI revenue surging 247% to $2.6 billion. Contracted cloud sales reached $14.1 billion, and nameplate compute stands at 1.4GW with guidance for over 2GW by year-end and a pathway to ~10GW by 2027. Q2 capex was $18.4 billion. Morgan Stanley now forecasts orbital compute could drive 80%+ of launch revenue by 2032 and estimates $3.5 trillion in 2040 revenue under an aggressive multi-pad, high-launch scenario. This follows the company's IPO in June and its $60 billion acquisition of Anysphere, reinforcing the AI-driven growth narrative. The results and the new long-term forecast provide concrete data points that support the bullish thesis and could influence positioning.
At the time of this announcement, SPCX was trading at $142.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.