Key facts
- SpaceX reported second-quarter revenue of $7.8 billion, exceeding Wall Street expectations of $6.9 billion.
- The company's net loss for the quarter was $541 million, an improvement from $1.0 billion a year earlier.
- Adjusted EBITDA nearly tripled to $3.5 billion, driven by growth in launch, Starlink, and AI businesses.
- SpaceX's digital asset holdings were valued at $1.10 billion at the end of the second quarter, down from $1.64 billion at the end of 2025.
- SpaceX shares declined 6% in after-hours trading following the release of its first quarterly results as a public company.
SpaceX, the space technology company led by Elon Musk, reported its second-quarter revenue at $7.8 billion, surpassing Wall Street's expectations of $6.9 billion. This marks the company's first quarterly results since its record-breaking IPO in June.
The company announced a narrowed net loss of $541 million, an improvement from the $1.0 billion loss recorded in the same period last year. Adjusted EBITDA nearly tripled to $3.5 billion, fueled by accelerated growth across its launch services, Starlink satellite internet, and artificial intelligence businesses.
Investors closely monitored SpaceX's digital asset holdings. The company disclosed that its digital assets were valued at $1.10 billion at the end of the second quarter, a decrease from $1.64 billion at the close of 2025. While the IPO filing indicated SpaceX held 18,712 bitcoin acquired for approximately $661 million, the latest earnings report did not specify the number of bitcoin held or provide reasons for the decline in value.
Following the report, SpaceX's stock (SPCX) fell 6% in after-hours trading. The stock had previously closed the regular session up nearly 10% for the day, while the Nasdaq 100 index gained 3.3%. Shares have recently recovered from an initial post-IPO slump but remain approximately 50% below their peak reached shortly after the June listing.
Approximately 912 million shares held by employees and early investors will become eligible for sale on August 6, potentially increasing the stock's public float.