- SpaceX reported Q2 revenue of $7.8bn, up 92% year over year, while adjusted EBITDA rose 191% to $3.5bn and net loss narrowed to $541m.
- Starlink generated $4.3bn of Q2 revenue, up 66% year over year, with roughly 12m subscribers and approximately $1.66bn of operating income.
- SpaceX announced a proposed $100bn Starbase Louisiana complex with 10 launch pads and capacity for thousands of Starship flights annually, supporting plans for a large satellite network and in-orbit AI computing.
- Analysts said paper gains on stakes in OpenAI, Anthropic and SpaceX are complicating Big Tech earnings comparisons and tech-sector performance metrics.
Quotes
“SpaceX generated $7.8 billion of revenue in the second quarter, up 92% from a year earlier.”
“Starlink isn't simply another exciting project that requires SpaceX to keep pouring money into it.”