SpaceX reports Q2 revenue of $7.8B, surpassing expectations by $980M, driven by Starlink subscriber growth.
SpaceX posted a Q2 GAAP loss per share of $0.09, beating estimates by $0.20, as revenue surged 90.2% year-over-year to $7.8B. The company exceeded revenue expectations by $980M, supported by strong performance in its Connectivity segment.
The Connectivity unit delivered 66% revenue growth and 79% operating income growth, fueled by a doubling of Starlink subscribers. Prior-year revenue stood at $4.1B, with analysts anticipating a lower print for the quarter.
No immediate market reaction was disclosed in the release.