SpaceX Q2 revenue surges 92% as Starlink profits rise and AI spending spikes
SpaceX posted its first quarterly report since going public, showing Q2 revenue of $78.14 billion, a 92 % year‑over‑year increase, and adjusted EBITDA of $35.38 billion, up 191 %. Starlink generated $42.91 billion in revenue, a 66 % jump, and delivered an operating profit of $1.66 billion, giving the satellite‑internet service a 38.7 % margin. The division’s average revenue per user fell to $66 while active users topped 12 million across 167 countries, adding about 1.7 million new subscribers in the quarter. Launch services earned $9.62 billion, up 29 % YoY, but recorded an operating loss of $5.42 billion as R&D spending of $10.76 billion was directed toward Starship development. The AI segment reported $25.61 billion in revenue, a 247 % surge, yet posted an operating loss of $12.6 billion, contributing to total capital expenditures of $18.37 billion. Following the release, SpaceX’s share price fell 13 %.
Entities: Elon Musk · SpaceX · Starlink · Starship
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Adjusted EBITDA for the quarter was $35.38 billion, up 191 % YoY. (SpaceX financial report)
- [○ 1 SOURCE] Starlink revenue reached $42.91 billion, a 66 % increase YoY. (SpaceX financial report)
- [○ 1 SOURCE] SpaceX Q2 revenue was $78.14 billion, a 92 % increase year over year. (SpaceX financial report)
- [○ 1 SOURCE] SpaceX launch services revenue was $9.62 billion, up 29 % YoY, but the segment recorded an operating loss of $5.42 billion. (SpaceX financial report)
- [○ 1 SOURCE] SpaceX’s total capital expenditures for the quarter were $18.37 billion. (SpaceX financial report)
- [○ 1 SOURCE] AI segment revenue reached $25.61 billion, a 247 % increase YoY, while the segment posted an operating loss of $12.6 billion. (SpaceX financial report)
- [○ 1 SOURCE] Starlink average revenue per user (ARPU) was $66, down from $85 the previous year. (SpaceX financial report)
- [○ 1 SOURCE] Starlink operating profit was $1.66 billion, giving a profit margin of 38.7 %. (SpaceX financial report)