{
  "id": 147817,
  "title": "SpaceX revenue surges to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion",
  "url": "https://urgent.news/2026/08/04/spacex-revenue-surges-to-7-8-billion-blowing-past-wall-street",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T20:19:05.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/04/spacex-revenue-surges-92-to-7-8-billion-blowing-past-wall-street-expectations-by-nearly-1-billion/"
  },
  "original_language": "en",
  "account": "SpaceX reported staggering revenue of $7.8 billion in Q2, exceeding Wall Street's expectations by $1 billion. The company experienced a net loss of $541 million, down from a staggering $1 billion loss a year prior. Adjusted EBITDA nearly tripled to $3.5 billion, showcasing significant growth. However, SpaceX's stock price dipped in after-hours trading following the earnings release. The company's capital expenditures hit a record $18.4 billion in Q2, with AI segment expenditures totaling $15.8 billion. Notable growth came from Starlink, with revenue soaring 66% year-over-year to $4.29 billion, and 12 million subscribers, double the count from a year ago. Enterprise and government revenue surged 108% year-over-year to $1.8 billion. AI revenue grew 247% year-over-year to $2.6 billion, bolstered by $14.1 billion in new cloud services agreements. While AI still posted a $1.26 billion operating loss, the company's outlook is optimistic, with CEO Elon Musk projecting a potential revenue of $1 trillion by 2029, a decade ahead of previous estimates.",
  "summary": "SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial results.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Dow surges 900 points, S&P 500 closes above 7,700 for first time in booming Wall Street rally: Live updates",
        "url": "https://urgent.news/2026/08/04/dow-surges-900-points-s-p-500-closes-above-7-700-for-first-time-in",
        "published": "2026-08-04T20:05:45.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings",
        "url": "https://urgent.news/2026/08/04/spacex-tops-wall-street-revenue-forecast-posts-540-million-loss-on",
        "published": "2026-08-04T20:26:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}