SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

Bitcoins SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

Bitcoins Elon Musk’s space company posted its first earnings as a public company ahead of a major insider share unlock.

Updated Aug 4, 2026, 6:23 p.m. ETPublished Aug 4, 2026, 4:26 p.m. ET

• SpaceX reported second-quarter revenue of $7.8 billion, beating Wall Street expectations of $6.9 billion.
• The company narrowed its net loss to $541 million from $1.0 billion a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion on growth in launch, Starlink and AI businesses.
• SpaceX disclosed $1.10 billion in digital assets at the end of the quarter, down from $1.64 billion at the end of 2025.

SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion.

That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses.

The company reported a net loss of $541 million, an improvement from a $1.0 billion loss a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion.

The firm held onto its stash of 18,712 bitcoin BTC$64,356.11, according to the SEC filing. However, the value of holdings declined to $1.10 billion at June 30 from $1.64 billion at the end of 2025, coinciding with bitcoin’s 33% price slump through that period.

SpaceX spent $18.4 billion on capital expenditures during the quarter, well above analysts’ expectations of $13 billion, as it continued investing heavily in artificial intelligence infrastructure.

SPCX was down 6% after-hours on the report to $118 after closing the regular session nearly 10% higher on the day’s trading, while the Nasdaq 100 gained 3.3%.