SpaceX reports 92% revenue growth driven by Starlink and AI

SpaceX reported strong second-quarter 2026 results, with revenue increasing 92 percent to 7.814 billion US dollars. While the company recorded a net loss of 541 million US dollars, this represents a significant improvement from the previous year. The company’s growth is primarily driven by its Connectivity segment, specifically Starlink, which accounts for approximately 55 percent of total revenue and remains the only segment with a positive operating result.

In contrast, the Space and AI segments continue to incur heavy losses due to high investment costs. Morgan Stanley analysts remain optimistic, setting a price target of 300 US dollars per share, noting that the majority of the company's future value lies in its burgeoning AI infrastructure business rather than traditional aerospace.

Major institutional interest in the company is evident through significant equity stakes. Nvidia disclosed a stake in SpaceX valued at approximately 21 billion US dollars, highlighting a deepening alliance between the chipmaker and Musk’s AI-driven infrastructure. Additionally, Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), acquired a 0.05 percent stake worth over 1.2 billion US dollars.