SpaceX has reported its first quarterly earnings as a public company, revealing a revenue surge that doubled compared to the previous year. This substantial growth was largely fueled by the expansion of the Starlink satellite internet network and lucrative cloud computing agreements signed with major AI players Anthropic and Google.
Despite reporting ongoing net losses and massive capital expenditures, corporate leadership projects an aggressive financial trajectory. Backed by billions in secured cloud contracts and infrastructure adaptations, executives and CEO Elon Musk believe the company is well-positioned to achieve a $100 billion annualized revenue run-rate by the end of the year.
- Revenue doubled to $7.8 billion in Q2 2026 compared to last year.
- AI compute deals with Anthropic and Google added nearly $2 billion.
- Starlink continued its strong growth trajectory with substantial gains.
- Leadership expects to hit a $100 billion annualized revenue rate soon.
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