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 , 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%.