Space Exploration Technologies Corp Class A

SPCX: XNAS (USA)

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SpaceX Earnings: Massive AI Investments Outweigh Hefty Neocloud Rent; Fair Value Unchanged

Nicolas Owens

Aug 5, 2026

Second-quarter revenue grew to $7.8 billion, up 92% compared with 2025, led by an eye-watering but not surprising sevenfold increase in AI solutions revenue from neocloud rentals. Launch and Starlink grew 29% and 67%. Investments of $3.5 billion in R&D resulted in a $143 million operating loss.

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Space Exploration Technologies Corp Class A

SpaceX Earnings: Massive AI Investments Outweigh Hefty Neocloud Rent; Fair Value Unchanged

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