SpaceX reports a 92% year-over-year revenue increase but posts a $541m net loss for Q2, nearly halving last year’s loss.
SpaceX reported Q2 revenue of $7.81bn, a 92% increase from the same period last year and above the $6.93bn estimate. The growth reflects strong demand for satellite launches and Starlink services.
The company’s net loss narrowed to $541m, down from a larger loss a year earlier. Analysts had anticipated a smaller loss, but operational costs and investments weighed on profitability.
Despite the revenue beat, SpaceX’s share price declined, reflecting investor concerns over sustained losses and capital expenditure needs.