SpaceX Q2 2026: Revenue Up 92%, AI Cloud Deals Hit $14.1B, Cursor for $60B - Stock Consolidates Near $115
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TradingKey - For the second quarter, SpaceX ( SPCX ) published very impressive financial results. Revenues increased by 92% from the previous year to reach $7.814 billion. Adjusted EBITDA experienced almost a 200% increase and reached $3.54 billion. Additionally, SpaceX signed new contracts worth $14.1 billion, establishing new cloud services for AI infrastructure. To strengthen and expedite enterprise AI, management made plans to acquire the AI coding start-up, Cursor, for $60 billion. Following this announcement, SpaceX shares rose approximately 30%. The company is still experiencing a selling consolidation at around $115. This selling consolidation is taking place after the lockup expiration and is focused on a rising trendline support. The future challenges for SpaceX are related to the increase in the delivery capacity of the business. Quarterly results for SpaceX were very strong by any means of measurement. Revenues of $7.814 billion were significantly better than the consensus forecast and represented a 92% increase from the $4.071 billion reported in the previous year. Adjusted EBITDA of $3.54 billion represented a 191% increase and the Rule of 40 EBITDA Margin was 45%. The operating loss was reported to be $143 million (an improvement from the loss of $970 million in the previous year) and the net loss was reported to be $541 million (an improvement from the loss...
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