SpaceX Q2 Revenue Soars 92% to $7.8B, Crushing Estimates; EBITDA Nearly Triples
SPCX is trading near its 52-week low of $104.83 (11% above the low).
Summary
SpaceX's first post-IPO earnings smashed expectations. Revenue hit $7.81B, up 92% YoY and 12.7% above consensus. Adjusted EBITDA nearly tripled sequentially to $3.53B, doubling the $2B estimate. The loss narrowed sharply to $541M from $1.01B a year ago, with EPS of -$0.09 beating -$0.23 forecasts. Starlink drove profitability with $4.29B in revenue and 12M subscribers. xAI annualized revenue surged 247% to $2.56B, fueled by $16B in capex. Rocketry remains pre-profit but losses are shrinking. The report follows the 8-K filed earlier today with top-line figures, but adds granular segment data, consensus comparisons, and the EBITDA beat. A looming overhang: 911.5M insider shares unlock Thursday, representing 20% of equity, which could pressure the stock despite the strong quarter.
At the time of this announcement, SPCX was trading at $115.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7T. 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 9 out of 10. Source: Coinpedia.