{"slug": "spacex-releases-its-earnings-report-beating-major-estimates-despite-stock", "title": "SpaceX Releases Its Earnings Report, Beating Major Estimates Despite Stock Underperformance", "summary": "Space Exploration Technologies Corp (SpaceX) reported Q2 2026 revenue of $7.81 billion, a 92% year-over-year increase and 12.7% above London Stock Exchange Group (LSEG) consensus estimates of $6.93 billion, despite a net loss of $541 million. The company's adjusted EBITDA of $3.53 billion nearly tripled from Q1 2026's $1.13 billion, driven by Starlink's $4.29 billion revenue and xAI's $2.56 billion annualized revenue, though SpaceX stock fell to $117.26 in after-hours trading, down from its IPO price of $150 per share.", "body_md": "Space Exploration Technologies Corp (NASDAQ: SPCX) has released its first-ever quarterly earnings report since going public in history’s biggest initial public offering (IPO) almost 2 months ago. Generally, the firm beat analysts’ forecasts despite also reporting a considerable loss.\n\n## SpaceX Earnings Report of Q2 2026\n\nThe SpaceX earnings report shows that it attained a total revenue of $7.81 billion, which was a 92% increase year-over-year (YoY) from $4.07 billion. The figure also beat London Stock Exchange Group (LSEG) consensus estimates of $6.93 billion by 12.7%.\n\nAdditionally, the company reported a net loss of $541 million due to heavy expenditures on space and artificial intelligence (AI) development. This was, however, a significant reduction from its Q2 2025 loss position of $1.01 billion. Losses per share also reduced to $0.09 from last year’s $0.34 and beat estimates of $0.23.\n\nEven more, SpaceX reported an adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $3.53 billion. This beat the $2 billion expectation mark, and nearly tripled from the $1.13 billion reported in Q1 2026.\n\n## Further breakdown\n\nStarlink internet service led the SpaceX profitability engine, contributing $4.29 billion to its revenue (66% increase YoY). Subscribers rose to 12 million in that quarter, expanding its footprint despite the average reduction in average revenue per user.\n\nMeanwhile, xAI’s annualized revenue surged 247% to $2.56 billion. Its growth was heavily boosted by external computing and data center leases to tech giants such as Google and Anthropic. Here, SpaceX notes that it spent $16 billion of its $18.37 billion capital expenditure on xAI buildouts.\n\nThe core rocketry division remained in a pre-profit phase, due to massive investments in research and development of the Starship V3 vehicle program. Revenue experienced 29% annualized growth to $962 million as losses hit $542 million (an improvement from the previous quarter’s $662 million).\n\nAs for digital assets, the company disclosed that it still holds Bitcoin, but that its value had dropped to $1.10 billion from $1.64 billion at the end of 2025 due to market volatility.\n\n## SpaceX stock price brief\n\nAt its IPO, SpaceX stock traded at $150 per share, with the company raising an unprecedented capital of $75 billion. Further demand led stock prices to highs of $201.80 in mid-June, with a market cap peak of $2 trillion.\n\nHowever, stock prices began to plummet shortly afterwards, leading up to a price of $117.26 in the after-hours today, and a market valuation of $1.52 trillion.\n\nDespite this dip, SpaceX ranks the 9th most valuable globally, trailing the likes of Apple, Microsoft and Amazon.\n\nSource: MarketWatch\n\nThat said, SpaceX is scheduled to unlock 911.5 million insider shares (roughly 20% of the company’s total equity) for public trading on Thursday. Historically, such events led to near-term supply shocks that negatively impacted stock prices.", "url": "https://wpnews.pro/news/spacex-releases-its-earnings-report-beating-major-estimates-despite-stock", "canonical_source": "https://cryptonews.net/news/finance/33248894/", "published_at": "2026-08-05 01:19:00+00:00", "updated_at": "2026-08-05 01:40:12.425737+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure"], "entities": ["Space Exploration Technologies Corp", "SpaceX", "Starlink", "xAI", "Google", "Anthropic", "London Stock Exchange Group", "MarketWatch"], "alternates": {"html": "https://wpnews.pro/news/spacex-releases-its-earnings-report-beating-major-estimates-despite-stock", "markdown": "https://wpnews.pro/news/spacex-releases-its-earnings-report-beating-major-estimates-despite-stock.md", "text": "https://wpnews.pro/news/spacex-releases-its-earnings-report-beating-major-estimates-despite-stock.txt", "jsonld": "https://wpnews.pro/news/spacex-releases-its-earnings-report-beating-major-estimates-despite-stock.jsonld"}}