SpaceX Reports $7.8 Billion Revenue, $541 Million Quarterly Loss
Article excerpt
Space Exploration Technologies Corp. reported $7.814 billion in second-quarter revenue and a $541 million GAAP net loss, offering public investors their first detailed view of the company’s financial results since its June initial public offering. Revenue for the quarter ended June 30 was up 92% from $4.071 billion a year earlier, according to the company’s Form 10-Q filing with the Securities and Exchange Commission. The results show a business expanding quickly while maintaining an unusually large investment program. The quarterly loss narrowed from $1.008 billion in the comparable 2025 period, but SpaceX also reported sharply higher research spending and, in a separate earnings release, $18.369 billion of capital expenditures. ABC News reported that the disclosure was SpaceX’s first earnings report since Class A shares began trading after the IPO in June. SpaceX’s operating loss fell to $143 million in the second quarter from $970 million a year earlier. That $827 million improvement was substantial, but it did not eliminate the GAAP net loss. The company’s revenue increased by $3.743 billion year over year, while its net loss narrowed by $467 million. Those figures describe a markedly better quarter than the prior-year period without establishing GAAP profitability. Research-and-development expense rose to $3.548 billion from $1.958 billion, an increase of $1.590...
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The earnings release also said new cloud-services agreements generated $14.1 billion in contracted sales.
