For Immediate Release
Chicago, IL – August 12, 2026 – Space Exploration Technologies (SpaceX) recently reported earnings that exceeded market expectations, with revenue growing 92% year-over-year to $7.8 billion. The company’s net losses narrowed to $143 million compared to $541 million in the previous year, while earnings per share of -$0.09 exceeded Zacks Consensus Estimates by 65.38%. Despite becoming the largest initial public offering (IPO) in history valued at nearly $2 trillion, SpaceX’s stock has experienced a 53% drawdown from its peak of $225.78.
Looking ahead, CEO Elon Musk projected SpaceX could reach $1 trillion in revenue by 2030, with annual recurring revenue expected to increase to $100 billion by year-end from a $10.4 billion run rate in June 2026. Additionally, SpaceX’s AI hardware segment saw a remarkable 247% increase in revenue, totaling $2.6 billion. Starlink, the satellite internet service, reported a 66% rise in connectivity revenue to $4.3 billion, with subscribers doubling to 12 million.
For its capital expenditures, SpaceX reported a significant growth of over 600% to $18.37 billion due to investments in AI and Starship development. The Starship rocket recently achieved significant milestones, including the intact survival of its heat shield during reentry and the deployment of 20 Starlink V3 satellites.
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