SPCXCompany update

SpaceX reports Q2 2026 results: revenue $7.81B (+92% YoY), Adj. EBITDA $3.54B (+191% YoY)

SpaceX reported Q2 2026 revenue of $7.814 billion, up 92% year-over-year from $4.071 billion, with net loss of $541 million (an improvement of $467 million versus a $1.0 billion net loss a year ago) and Adjusted EBITDA of $3.538 billion, up 191% from $1.214 billion. No prior formal guidance was disclosed for comparison; this is the company's first quarterly earnings report following its June 15, 2026 IPO on Nasdaq. The company ended the quarter with $100 billion in cash, cash equivalents, and marketable securiti...

Published August 4, 2026 at 4:53 PM EDTSPACE EXPLORATION TECHNOLOGIES CORPSEC filing

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Key takeaways

First public quarterly earnings report following the June 15, 2026 IPO; no prior formal guidance was disclosed for comparison and the company did not issue forward Q3 2026 or full-year 2026 guidance.
Adjusted EBITDA of $3.538 billion (+191% YoY) reflects AI segment Adjusted EBITDA turning positive at $1.15 billion versus a $(276) million loss a year earlier.
Connectivity scale: Starlink subscribers doubled year-over-year to 12.0 million; ARPU $66/month; awarded over $6 billion in multi-year U.S. government Starshield contracts.
AI/cloud backlog: closed multiple Cloud Services Agreements representing $14.1 billion of contracted sales; expanded nameplate compute to 1.4 GW from 0.4 GW a year earlier.
Capital structure activity in Q2 2026: closed IPO with ~$85.7 billion net proceeds on 638,888,888 shares on June 15, 2026, followed by a $25 billion investment-grade senior notes offering (five tranches maturing 2031-2056, weighted average coupon 5.855%) on June 26, 2026.
M&A: announced a $60 billion agreement to acquire Cursor, expected to close in Q3 2026, to accelerate AI enterprise offerings.
Capex stepped up to $18.369 billion in Q2 2026 versus $2.825 billion a year earlier, reflecting investment in AI/cloud compute and Starship.

Key metrics

Total revenueQ2 2026 (three months ended June 30, 2026)

$7,814 million+92%

Total revenueSix months ended June 30, 2026

$12,508 million+53.7%

Space revenueQ2 2026

$962 million+29%

Connectivity revenueQ2 2026

$4,291 million+66%

AI revenueQ2 2026

$2,561 million+247%

Net lossQ2 2026

$(541) millionimproved by $467 million from $(1,008)M

Loss from operationsQ2 2026

$(143) millionimproved by $827 million from $(970)M

Adjusted EBITDAQ2 2026

$3,538 million+191%

Primary source

TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.

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