SpaceX revenue doubles to $7.8 billion on Starlink and AI deals

SpaceX’s revenue nearly doubled in the second quarter of 2026, climbing 92% to $7.8 billion from $4 billion a year earlier, fueled by its Starlink satellite internet service and deals to provide computing power to Anthropic and Google. The earnings report, released on August 4, 2026, marked the company’s first quarterly disclosure since its record initial public offering.

Nearly $2 billion of the growth came from the artificial-intelligence division, while Starlink added $1.7 billion.

SpaceX raised more than $85 billion in its IPO, which valued the company at $1.75 trillion. Its market capitalization briefly surpassed Amazon’s and approached Microsoft’s in early trading, but shares have since slumped below the $135 offer price set by Chief Executive Elon Musk. The stock closed just above $125 on August 4 and fell as much as 8% in after-hours trading.