SpaceX Delivered a Strong Earnings Beat After Its Historic IPO. But Questions About Starlink and AI Spending Remain And The Stock Fell.

Adjusted EBITDA reached $3.5 billion, well above the roughly $2.1 billion analysts had projected, with shares rising in after-hours trading following the release. (Credit: Getty Images)

SpaceX exceeded Wall Street expectations in its first quarterly earnings report as a publicly traded company on Tuesday, reporting stronger-than-expected revenue and profitability in the first detailed look at the financial performance of Elon Musk's space and satellite communications company.

The aerospace giant reported $7.8 billion in revenue for the quarter, beating analysts' consensus estimate of approximately $6.8 billion. Adjusted EBITDA reached $3.5 billion, well above the roughly $2.1 billion analysts had projected. Shares rose in after-hours trading following the release.