SpaceX Q2 Revenue Soars 92% to $7.8B, AI and Connectivity Drive Growth
SPCX sits 20% 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% and Connectivity up 66%. Adjusted EBITDA hit $3.5 billion, and the company holds $100 billion in cash. The results underscore rapid scaling in AI infrastructure and Starlink subscriber growth.
Updates
· Dow Jones Newswires — SpaceX shares fell 10% to below the $135 IPO price. CEO Elon Musk said SpaceX will exclusively use Nvidia chips, sending AMD shares lower.
· Leverage Shares — Capex reached $18.37B, including $15.83B in AI infrastructure, and a new NVIDIA partnership for orbital AI computing platforms was announced.
· Coinpedia — Adjusted EBITDA nearly tripled sequentially to $3.53B, doubling the $2B estimate. Net loss narrowed to $541M from $1.01B, with EPS of -$0.09 beating -$0.23 forecasts. Starlink revenue was $4.29B with 12M subscribers.
· SEC 10-Q — 10-Q shows net loss of $541M for Q2 and $4.8B for H1 2026; cash and equivalents $93.5B, total assets $192.8B, total liabilities $65.5B.
Key Events · Earnings and Guidance · SPCX
-
Revenue Nearly Doubles to $7.8B
Total Q2 revenue of $7.8 billion, up 92% from $4.1 billion a year ago, driven by AI (up 247% to $2.6B) and Connectivity (up 66% to $4.3B).
-
Adjusted EBITDA Triples to $3.5B
Adjusted EBITDA reached $3.5 billion, up 191% year-over-year, with all three segments showing improvement. AI segment achieved positive adjusted EBITDA of $1.1 billion.
-
AI Segment Turns Profitable on Adjusted Basis
AI revenue surged to $2.6 billion, and the segment posted adjusted EBITDA of $1.1 billion, reversing a $276 million loss a year ago, driven by new cloud services agreements.
-
$14.1B in New Cloud Contracts and $60B Cursor Acquisition
SpaceX signed cloud services agreements totaling $14.1 billion in contracted sales and announced a $60 billion acquisition of AI coding tool Cursor, expected to close in Q3 2026.
Analysis · SPCX · Technology
In its debut quarterly report as a public company, SpaceX delivered blockbuster results that validate the IPO thesis and show accelerating momentum across all three business lines. Revenue nearly doubled to $7.8 billion, propelled by a 247% surge in AI revenue and 66% growth in Connectivity. Adjusted EBITDA tripled to $3.5 billion, and the company ended the quarter with $100 billion in cash. The AI segment turned profitable on an adjusted basis, while new disclosures included $14.1 billion in cloud contracts and a $60 billion acquisition of Cursor.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 44.5% of the 301 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.39%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SPCX was trading at $125.39 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 filing was assessed with positive market sentiment and an importance score of 9 out of 10.