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SpaceX (NASDAQ:SPCX) reported second-quarter 2026 revenue of $7.8 billion, up 92% from a year earlier, while its quarterly net loss narrowed by $467 million to $541 million. Adjusted EBITDA rose 191% year over year to $3.5 billion, according to the company’s earnings call. Chief Financial Officer B
AT&T and Verizon anchor ASTS’ U.S. strategy, while its broader network includes nearly 60 carrier partners covering more than 3 billion subscribers.
Elon Musk said SpaceX will buy chips exclusively from Nvidia going forward, passing on rival Advanced Micro Devices.
By Wayne Cole SYDNEY, Aug 5 (Reuters) - Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on
The space, satellite broadband, and AI company made a surprise announcement regarding the AI chipmaker.
The Elon Musk-led rocket company spent $15.8 billion on AI projects in the second quarter and doesn’t plan to slow down.
Advanced Micro Devices (AMD) and SpaceX (SPCX) are among the most polarizing releases investors have been waiting for, with shares facing an adverse reaction initially following the releases. But should investors mute the noise?
SpaceX announced its first earnings since its June IPO, cutting its losses and growing its revenue more than expected.
Traditional U.S. wireless carriers are bracing for aggressive competition as SpaceX plans to expand beyond satellite coverage to build a full-scale terrestrial mobile network.
Elon Musk said on Tuesday SpaceX will build its AI infrastructure exclusively on Nvidia chips going forward.
SpaceX is coming for large U.S. telecom providers. During the company’s first earnings call, SpaceX President Gwynne Shotwell referenced the revenue that AT&T, Verizon Communications and T-Mobile US pull in, and said Starlink would take aim at their subscribers. “I anticipate us to be able to acquire quite a few of their customers because I think our service will be better,” Shotwell said.
Although the revenue and EPS for SpaceX (SPCX) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The company’s first earnings report as a public company shows a surge in revenue and the tab for capital expenditures.
<body><p>STORY: Wall Street's main indexes surged on Tuesday, with the Dow and S&P 500 both gaining roughly one-and-three quarters percent to notch record-high closes, and the Nasdaq climbing more than two-and-a-half percent.</p><p>Investors eagerly awaited SpaceX's first earnings results since its IPO, delivered after the close. Elon Musk's rocket and AI company reported a more than 90% rise in revenue for the quarter, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company posted a net loss of more than $540 million and capital expenditures of over $18 billion. Its shares, which closed up, gave back most of those gains in extended trading.</p><p>The stock, which has fallen 8% since SpaceX's record-breaking IPO in June, could face further pressure this week when the lock-up period expires, notes Rob Haworth, senior investment strategy director at U.S. Bank Asset Management Group.</p><p>"I think the market's probably a little worried that we're going to see more shares being offered, although we've been below the IPO price, so we'll have to see. But we think this remains a really important year for IPO markets as we have OpenAI and Anthropic coming as well. This will really start to unlock this private equity market and get some fresh capital to work. And then I think it's a question of how do markets adapt to this, right? How do markets adapt to all these new providers, which are model companies, and incorporate those into the overall ethos? So this is going to remain a really interesting year when it comes to some fresh blood into the U.S. equity market."</p><p>:: AMD</p><p>Also after the close, AMD said its second-quarter revenue rose 50% year-over-year, beating analysts' expectations. But the stock, which closed 7% higher, erased those gains in extended trading.</p><p>In other earnings news, Palantir Technologies grabbed headlines after its CEO delivered what he called "otherworldly" results, with the software company raising its annual revenue forecast. Shares skyrocketed more than 29% to record their biggest daily percentage gain since February of 2024.</p><p>:: Caterpillar</p><p>And shares of Caterpillar, seen as a bellwether for the global industrial economy, jumped about five-and-a-half percent after the company raised its annual revenue growth forecast, as the buildout of AI data centers has fueled demand for its power-generation and construction equipment.</p><p>Meanwhile, crude prices settled down about 5% after a Qatari official said efforts to secure a diplomatic resolution to the Iran conflict were continuing, while U.S. Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come within the next two days.</p></body>
SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first post-IPO earnings report, but shares tumbled as investors remained skeptical about the company's ability to deliver on lofty promises. Investors remain skeptical even with SpaceX beating expectations, Emarketer Senior Analyst Gadjo Sevilla told AFP. "I don't think people want to hear promises about the next five years or a mission to Mars," Sevilla said.
A SpaceX Falcon 9 rocket launches on July 30 at Cape Canaveral in Florida. NurPhoto/Getty Images SpaceX shares, which fell in recent weeks after popping about 20% in its June 12 IPO, dropped about 6% Tuesday after reporting its first quarterly earnings. For its venture capital investors, the slump presents a liquidity hiccup: SpaceX, in its IPO filings, imposed a tiered lockup on private-market investors selling shares. The first earnings release opens an initial window to sell up to 20% of rest
Musk kept inflating the already-big promises being made by SpaceX CFO Bret Johnsen and Gwynne Shotwell on the company's first call.
SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered, Mars-colonizing future, putting investors on edge and sending SpaceX shares down in late trading.
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
SpaceX exceeded revenue expectations and reduced its losses in its initial quarter as a publicly traded company , delivering sharp increases in all three of its divisions: space, connectivity and AI.
SpaceX's inaugural earnings report is in the books. CEO Elon Musk also hinted at $1 trillion in annual sales by 2029, though his base case is 2030. SpaceX also believes it can someday deliver the majority of the world's internet service and plans to launch a mobile communications product in 2027.
Shares of T-Mobile, AT&T, and Verizon Communications dipped late Tuesday after SpaceX said it planned to launch a mobile offering in 2027. SpaceX can use its Starlink space-based broadband product to offer service. Shares of T-Mobile were off 1.8% in after-hours trading.
SpaceX says it will build data centers exclusively using Nvidia's graphics chips.
SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first earnings report since going public in June, the company announced Tuesday.Investors remain skeptical even with SpaceX beating expectations, Emarketer Senior Analyst Gadjo Sevilla told AFP. "I don't think people want to hear promises about the next five years or a mission to Mars," Sevilla said.
SpaceX has ramped up its purchases of Tesla Megapacks for its xAI data centers.
SpaceX’s capital expenditure was dominated by AI-related costs in the quarter and came in at $18.4 billion.
The company posted $7.8 billion in revenue, topping estimates, but capital expenditures of $18.4 billion rattled investors
Market Domination Overtime Host Josh Lipton welcomes Senior Business Reporter Ines Ferre to the show to break down SpaceX's (SPCX) first quarterly earnings report as a public company, highlighting the key takeaways for investors.
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