SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
Revenue rose 92% to $7.8 billion as Starlink growth and AI contracts offset a $541 million quarterly loss, SpaceX said.
- SpaceX reported a loss of more than $500 million in its first quarterly earnings report since going public in June, continuing its financial deficits.
- The company announced revenue of $7.8 billion for the quarter, nearly doubling from the previous year, mainly driven by its Starlink satellite internet service.
- Starlink accounted for 60% of SpaceX's 2025 revenue and is the only consistently profitable unit.
- Starlink subscribers doubled to 12 million, contributing to more than half of SpaceX's total revenue for the quarter ending in June.
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267 Articles
SpaceX, with its first annual report since the record stock exchange in June, has disappointed investors' expectations.
SCIENCE & TECH: SpaceX posts loss in first report as a public company but less than expected – One America News Network
By BERNARD CONDONUpdated 3:35 PM PDT, August 4, 2026 SpaceX’s mega rocket Starship lifts off for a test flight from Starbase, Texas, Friday, July 24, 2026. (AP Photo/Eric Gay) NEW YORK (AP) — SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public company as it sharply boosted spending, particularly on artificial intelligence. The company run by Elon Musk posted a loss of $…
SpaceX says some travelers are skipping direct options just to fly on a plane with Starlink
SpaceX president Gwynne Shotwell said the technology company has heard that customers are favoring short-haul flights with Starlink capabilities.Kevin Carter/Getty ImagesSpaceX's president said customers are choosing shorter flights and more stops to get Starlink.MrBeast said he would eventually book flights based on Starlink access, even if it adds a layover.BI contacted 13 airlines with Starlink agreements, but none verified Shotwell's account…
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