SpaceX's revenue increases 92% in the second quarter

WashingtonSpaceX, Elon Musk's company, has registered revenues of $7.8 billion in the second quarter, 92% more than during the same period last year. This Tuesday's announcement was widely anticipated by markets, as it is the first earnings report as a publicly traded company. On June 12, the aerospace company made the leap to Wall Street on the Nasdaq under the ticker SPCX.

Despite the earnings in this second quarter, the company has registered a net loss of $5.488 billion in the first half of 2026. Additionally, capital expenditures reached $18.4 billion during the quarter. In other words, the results have been positive in this second quarter, but it is also in a phase where it still requires a lot of investment and it remains to be seen if it will have a return.

After the publication of the earnings report, the company's shares have fallen around 4% in after-hours trading. The reason for this drop is partly due to investor doubts about whether the company is truly capable of converting expenses into profits, given the high level of investment it has required.

Beyond rockets, SpaceX has two other areas: one for satellites - under the name Starlink - and one for artificial intelligence, which is still nascent. A large part of the expenses and investment registered this quarter are linked to efforts to launch the AI-related business segment, representing 86% of the total investment registered.

During the press conference following the results publication, SpaceX's Chief Financial Officer, Bret Johnsen, told analysts that investors should anticipate similar spending levels for the next two quarters. "You should probably expect the next two quarters to be very similar to the current one," he stated.