Now Reading: SpaceX revenue surges, but Starship now carries the valuation
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SpaceX revenue surges, but Starship now carries the valuation
SpaceX’s second-quarter revenue rose 92% in its first post-IPO earnings report, beating analyst expectations by about $1 billion. Starlink subscribers doubled in a year to 12 million, while its revenue reached $4.29…
The Story in Brief
SpaceX’s second-quarter revenue rose 92% in its first post-IPO earnings report, beating analyst expectations by about $1 billion. Starlink subscribers doubled in a year to 12 million, while its revenue reached $4.29 billion, according to Hindustan Times. The company’s net loss narrowed to $541 million, but capital spending exceeded $18 billion, with more than 86% directed to artificial intelligence.
Shares fell more than 8% after the results, The Hindu reports, while Hindustan Times puts SpaceX’s decline since its first trading day at 22%. The company’s rocket business recorded $962 million in revenue and a $542 million operating loss. Starship remains central to its plans, but five of its 13 launches have failed or faced serious flight concerns. Musk has said the next launch is planned for later this month.
The Indian Opinion
The lazy bullish story says fast-growing Starlink and AI contracts make every setback irrelevant. The equally easy bearish story treats Starship’s troubled tests as proof that SpaceX’s ambitions are fantasy. Both miss the financial test. Starlink is the only profitable segment, while rockets and AI are still losing money. SpaceX must show that Starship can fly repeatedly, recover both stages and cut launch costs towards the projected $185 a kilogram. The next several launches will matter more than promises of millions of tonnes in orbit.
Sources (2): thehindu.com, hindustantimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
