Now Reading: SpaceX revenue jumps 92% as AI spending unsettles investors
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SpaceX revenue jumps 92% as AI spending unsettles investors
SpaceX revenue jumps 92% as AI spending unsettles investors
SpaceX’s second-quarter revenue rose 92% year on year to $7.8 billion, while adjusted EBITDA climbed 191% to $1.2 billion. Yet its shares fell after the results as investors questioned the cost of…
The Story in Brief
SpaceX’s second-quarter revenue rose 92% year on year to $7.8 billion, while adjusted EBITDA climbed 191% to $1.2 billion. Yet its shares fell after the results as investors questioned the cost of expansion and the company’s valuation. AI revenue surged 247% to $2.6 billion, but the unit posted a $1.3 billion operating loss. SpaceX spent $18.4 billion on capital expenditure, including $15.8 billion on AI infrastructure.
Starlink remained the strongest profit engine, with revenue up 66% to $4.3 billion and operating profit up 79% to $1.7 billion. The space division recorded a $542 million operating loss. The company also faces a possible $100 billion share sale after a post-listing lock-up expires, according to the second report. Elon Musk has projected rapid data-centre and revenue growth, including $1 trillion in sales by 2030.
The Indian Opinion
The loudest narratives are that every Musk forecast is visionary, or that heavy AI spending proves SpaceX is failing. Neither is supported by these figures. Starlink is already profitable, while AI growth is fast but loss-making and capital-hungry. Shareholders will need more than ambitious targets. The clearest test is whether the company recovers its AI investment within one year, as its finance chief expects.
Sources (2): hindustantimes.com, hindustantimes.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
