SpaceX reported a sharp rise in quarterly revenue as rapid growth in its Starlink satellite internet business helped drive its first earnings report since becoming a publicly traded company.
According to the report, revenue climbed 92 percent to $7.8 billion during the April-June quarter, although the company posted a net loss of $541 million due to heavy investment spending.
The report said SpaceX invested more than $18 billion in artificial intelligence computing infrastructure, Starship development and the continued expansion of the Starlink network as it pursues long-term growth beyond providing computing capacity.
Despite the strong revenue performance, SpaceX shares have fallen 8 percent since the company's IPO.
Chief Executive Elon Musk dismissed speculation about a possible merger between SpaceX and Tesla, calling such reports false.
According to the report, analysts remain focused on Starlink's expanding subscriber base and the successful development of the reusable Starship system as key drivers of the company's long-term strategy.
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SpaceX reported a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses https://t.co/Uq1lxHnGc7
— Reuters (@Reuters) August 4, 2026
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