SpaceX posted $7.8 billion in Q2 2026 revenue, a 92% year-over-year jump. Deutsche Bank now considers the $100 billion annualized revenue target plausible and potentially achievable faster than previously anticipated. Starlink generated $4.3 billion in the quarter with 12 million global subscribers, while AI cloud services contributed $2.56 billion. SpaceX’s June 2026 IPO raised $75 billion, giving the company the capital firepower to pursue its ambitions despite a price target cut to $235 from $255.
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