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The Guardian - US
The Guardian - US
Science
Dara Kerr

SpaceX beats revenue expectations in first earnings report after IPO crash

SpaceX X IPO Elon Musk xtb Starlink
A rocket being launched into space
The SpaceX Starship and Super Heavy v3 Booster lift off from the launch complex in Starbase, Texas, on 24 July 2026. Photograph: Steve Nesius/Reuters

For the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk-run business reported its second-quarter earnings on Tuesday, saying that its revenue jumped 92% since June.

SpaceX beat Wall Street expectations, reporting $7.81bn in revenue, versus analysts’ predictions of $6.93bn. While expansive, the company is not profitable. The company reported a loss of $541m, down from a $1bn loss in the same quarter last year.

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