Technology · 4 August 2026

SpaceX revenue grows 92% in first earnings report

Elon Musk's rocket maker pulled in $7.81 billion in revenue for the second quarter, beating Wall Street forecasts. The business lost money overall due to heavy spending on artificial intelligence infrastructure after merging with xAI. It marks the very first financial update from the firm since its record float in June.

By BriefTea Editorial · 4 August 2026 at 21:25

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What's an earnings report? Earnings beat expectations Why did SpaceX lose money?

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