SpaceX released its results for the April–June 2026 quarter. Revenue rose approximately 92% year on year to $7.814 billion, but the company posted a net loss of approximately $541 million, with AI investment exceeding revenue.
U.S. space company SpaceX reported revenue of $7.814 billion for the April–June 2026 quarter, up 92% year on year, while its net loss was approximately $541 million. Capital expenditure substantially exceeded revenue, reaching approximately $18.369 billion in total.
AI investment accounted for most of total investment, with AI-related capital expenditure expanding to approximately $15.828 billion, about 21 times the level in the same period a year earlier. CEO Elon Musk explained that the company was “building out AI computing capacity at incredible speed and scale.” The expansion of cloud services providing data-center computing capacity to external customers was cited as a future growth driver, and he indicated that the AI investment could be recouped in a short period even if additional funds were invested.
By segment, only the communications business centered on the Starlink satellite communications network was profitable. The number of Starlink subscribers reached approximately 12 million, doubling from the same period a year earlier and contributing to improved profitability.