SpaceX plans to release its first quarterly earnings report as a public company after market close on August 11, covering the quarter ended June 30, 2026 [1, 2, 3]. The report will provide the first audited financial view of SpaceX’s operations in space launch services, Starlink broadband connectivity, and artificial intelligence (AI) [1, 2, 3].
SpaceX went public on June 12, 2026, pricing its IPO at $135 per share on NASDAQ under the ticker SPCX. The company’s initial market capitalization reached about $2.2 trillion, making it the sixth largest public company globally [1, 2, 3, 4]. After peaking at an intraday high of $225.64 on June 16, its stock declined sharply to close below the IPO price, dropping roughly 50% from that peak by early August [1, 2, 3, 4].
The earnings report is expected to show total estimated revenue for Q2 2026 at about $6.93 billion but with a net operating loss (EBIT) of approximately $1.55 billion [1, 3]. The Starlink segment is forecasted to generate around $3.82 billion in revenue with an operating income near $1.42 billion, both up from the prior quarter [1, 3]. The profitability of Starlink is seen as critical for funding SpaceX’s heavy investments in AI and the Starship rocket program, though some analysts express skepticism about sustainability.
SpaceX is ramping up capital expenditures dramatically on AI. Q2 AI spending is estimated to be $10.2 billion, about six times higher than the same quarter last year, with total capital expenditures for the quarter possibly reaching $14.05 billion [1, 2, 3]. The AI segment’s revenue is forecast to nearly triple to $2.33 billion, compared to a 12.5% increase in the previous quarter [1, 3].
The rocket launch division’s revenue is estimated at $871 million but operating at a loss near $773 million for the quarter [1, 3]. Will Rhind, GraniteShares CEO, commented that while Starlink is performing well operationally, it cannot alone support the company’s $30 billion yearly AI capital spending plan [1].
Ahead of the report, SpaceX stock rose 5.68% to $114.53 on August 10, reflecting investor anticipation [4]. Options markets suggest an expected stock price move around 15% after the earnings announcement [2].
