- NASA added $946M for three more crewed ISS missions, lifting SpaceX's total contract value to $5.92B across 17 flights through 2030.
- Golden Dome is funded at $17.9B in the FY27 defense budget; SpaceX's Starshield holds over $6B in multi-year US Space Force contracts.
- Starlink had 12M subscribers at the end of Q2 2026, double a year earlier, and Connectivity revenue rose 66% to $4.3B; total Q2 revenue grew 92% YoY with AI at $2.56B.
- SpaceX posted a $541M net loss and $18.37B quarterly capex, of which $15.83B went to AI compute; Starlink ARPU fell to $66 from $85.
- The Starship orbital flight set for September 28, 2026 will carry 26 next-generation Starlink V3 satellites, a key capacity catalyst.
- SpaceX carries a $47.5B contracted backlog and $93.52B in cash, with Adjusted EBITDA up 191% YoY to $3.54B, but 247Wallst rates SPCX a Hold at $154.72 with a $1.19T market cap.
Quotes
“NASA awarded SpaceX a $946 million contract modification for three additional crewed missions to the International Space Station, extending its astronaut flights through 2030 and increasing the total contract value to $5.92 billion across 17 flights”
“Golden Dome, funded at $17.9 billion in the FY 2027 defense budget, is the specific catalyst driving the re-rating.”
“SpaceX carries a $47.5 billion contracted backlog and $93.52 billion in cash, with Adjusted EBITDA rising 191% year over year to $3.54 billion.”
“An upcoming Starship orbital flight, scheduled for September 28, 2026, carrying 26 next-generation Starlink V3 satellites, is considered crucial for expanding Starlink's capacity and unlocking new opportunities in communications and defense”
“Starlink, its high-speed internet network, which had 12 million subscribers at the end of the second quarter, doubling its customer base year-over-year and driving Connectivity revenue up 66% to $4.3 billion”