- SpaceX reported Q2 revenue of $7.814B, up 92% year over year, and a GAAP net loss of $541M in its first detailed financial disclosure since its June IPO.
- Q2 capital expenditures totaled $18.369B, about 2.35x quarterly revenue, with $15.828B assigned to AI; new cloud-services agreements generated $14.1B in contracted sales.
- Starship entered Earth orbit for the first time on its 14th test flight, carrying 26 next-generation Starlink V3 satellites and advancing toward regular commercial operations.
- Evercore projects SpaceX's AI Solutions & Infrastructure revenue at $83B in 2027, well above consensus of $47B, citing the Colossus data center ramp and significant EBITDA upside.
Quotes
“investors would be focused on whether the company could narrow its gap to profitability”
“Evercore projects $83B in 2027 revenue, well above consensus estimates of $47B, based on incremental capacity and current and new deals.”