#BREAKING: $SPCX surged 9% today but erased maximum gain after earning announcement, down 7% now
SpaceX just reported its first earnings as a public company.
- Revenue: $7.8 billion, up 92% YoY (vs ~$6.9B expected)
- Adjusted EBITDA: $3.5 billion, up 191%
- Net loss narrowed to $541 million (from $1.0B loss)
Strong growth across Space, Connectivity (Starlink), and AI.
Also announced:
- $14.1 billion in new cloud services contracted sales
- Agreement to acquire Cursor for $60 billion
Big beat on the top line in the first public print.
August 4, 2026 211
