SpaceX released its first quarterly earnings report as a public company, showing revenue of $7.8 billion in Q2 2026, up 92% year-over-year, beating market expectations of approximately $6.9 billion. However, capital expenditures reached $18.4 billion, roughly 2.4 times the quarterly revenue, with $15.8 billion allocated toward the Colossus II compute platform project. Despite the strong growth, the company posted a net loss of $541 million, though improved from the $1 billion loss a year earlier. CEO Elon Musk set a target of $1 trillion in annual revenue by 2030.
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