SpaceX reports its first earnings, beating in Q2 revenue at $7.8 billion.
53 segments
On the top line, you've got the second
quarter revenue that came in at $7.8
billion. The estimate was for $6.81. So
that was a beat. SpaceX saying that it
ended the second quarter with 47.5
billion in backlog. Also, its second
quarter AI segment operating loss came
in at 1.26 billion. That came in under
what the street was estimating. The
street was estimating for a loss of 2.39
billion. Also, second quarter capex
coming in at 18.37
billion. The estimate was for 18.58
billion. So that's shy of what the
estimate was expecting. Taking a look at
second quarter Starlink subscribers,
those came in at 12 million. The
estimate was for 12.19
million. Also the second quarter loss
per share coming in at 9 cents uh per
share. So uh second quarter AI segment
total revenue by the way also coming in
at $2.56 billion. The estimate was for
28
billion.
Uh so connectivity segment by the way
also just want to add that that revenue
came in at 4.29 billion. The estimate
was for 3.88 billion. So quite a few
beats on some of these metrics that
we're looking at from SpaceX. And I just
want to read you also uh from their
earnings release. Uh they highlight
demonstrated the power of extreme
vertical integration delivering revenue
growth of 92%
yearover-year across space connectivity
and AI. Closed multiple industry-leading
cloud service agreements resulting in
4.1 billion on contracted sales. uh
announced the uh uh the agreement to
acquire cursor for $60 billion to
accelerate AI enterprise opportunity. Uh
so quite and also awarded six billion in
multi-year US government contracts for
Starshield quite a few metrics. Uh you
have quite a few bees here I would
listen to in the earnings call. uh watch
for obviously commentary on Starlink,
that's their cash cow, on their launch
launch services, on the Falcon 9
Starship launch, and also on that newly
integrated AI and XAI
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SpaceX reported its second quarter earnings, showcasing significant growth with revenue of $7.8 billion, surpassing estimates. The company highlighted strong performance in its connectivity segment and AI initiatives, alongside a massive $47.5 billion backlog and strategic investments, including a $60 billion acquisition of Cursor to boost AI capabilities.
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