Key Points
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Starlink revenue reached $4.3 billion in Q2 2026, with operating margins at 38.6%.
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SpaceX reported negative $25 billion in free cash flow in the first half of 2026, primarily due to expenses in its AI segment.
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SpaceX’s recent IPO on June 12, 2026, was the largest in history, with shares opening at $135 and closing above $160 on the first day.
Space Exploration Technologies Corp. (NASDAQ: SPCX) achieved $4.3 billion in revenue in Q2 2026, driven by Starlink’s subscriber growth, which doubled year-over-year. Despite this, the company experienced unprecedented negative free cash flow of $25 billion in H1 2026 due to heavy investments in its AI division, which accounted for nearly 90% of its expenditures.
SpaceX went public on June 12, 2026, marking the largest IPO ever. The stock initially priced at $135 but surged above $160 on the first trading day. This high valuation raises questions about its sustainability, especially given concerns around the AI sector’s profitability.
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