We posted our second quarter 2026 financial and operational results →
Q2 highlights:
- Demonstrated the power of extreme vertical integration, delivering revenue growth of 92% year-over-year across Space, Connectivity, and AI
- Completed two successful Starship V3 flight tests in the past 90 days, advancing towards full and rapid reusability
- Closed multiple industry-leading Cloud Services Agreements resulting in $14.1 billion of contracted sales
- Announced agreement to acquire Cursor for $60 billion to accelerate the AI enterprise opportunity
- Released our most powerful AI model yet with Grok 4.5 in July
- Delivered 66% revenue and 79% income from operations growth year-over-year for the Connectivity segment, driven by a doubling of Starlink Subscribers and continued momentum in Enterprise & Government
- Awarded over $6 billion in multi-year U.S. government contracts for Starshield
As compared to the same quarter last year:
- Revenues of $7.8 billion, up 92% from $4.1 billion
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
- Adjusted EBITDA of $3.5 billion, up 191% from $1.2 billion
Thank you to the SpaceX team, and all our customers and investors for a great quarter!
We posted our second quarter 2026 financial and operational results →
Q2 highlights:
· Demonstrated the power of extreme vertical integration, delivering revenue growth of 92% year-over-year across Space, Connectivity, and AI
· Completed two successful Starship V3 flight tests in the past 90 days, advancing towards full and rapid reusability
· Closed multiple industry-leading Cloud Services Agreements resulting in $14.1 billion of contracted sales
· Announced agreement to acquire Cursor for $60 billion to accelerate the AI enterprise opportunity
· Released our most powerful AI model yet with Grok 4.5 in July
· Delivered 66% revenue and 79% income from operations growth year-over-year for the Connectivity segment, driven by a doubling of Starlink Subscribers and continued momentum in Enterprise & Government
· Awarded over $6 billion in multi-year U.S. government contracts for Starshield
As compared to the same quarter last year:
· Revenues of $7.81 billion, up 91.9% from $4.07 billion
· Net loss of $541 million, an improvement of $467 million from net loss of $1.01 billion
· Adjusted EBITDA of $3.54 billion, up 191% from $1.21 billion
Thank you to the SpaceX team, and all our customers and investors for a great quarter!
On Kargil Vijay Diwas, our nation expresses gratitude to the brave soldiers for their extraordinary courage and commitment towards securing India. Their valour in the face of the most formidable conditions will forever remain a source of national pride. Their unwavering patriotism and devotion to duty will continue to inspire generations.
𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐊𝐮𝐬𝐡𝐚 𝐦𝐚𝐫𝐤𝐬 𝐚 𝐧𝐞𝐰 𝐜𝐡𝐚𝐩𝐭𝐞𝐫 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐬𝐞𝐥𝐟-𝐫𝐞𝐥𝐢𝐚𝐧𝐭 𝐚𝐢𝐫 𝐝𝐞𝐟𝐞𝐧𝐜𝐞. 🇮🇳
DRDO has successfully tested the M1 interceptor under Project Kusha, India’s indigenous long-range surface-to-air missile system. With a range of up to 150 km, it is designed to intercept fighter aircraft, drones, and cruise missiles.
Project Kusha will significantly strengthen India’s multi-layered air defence and place India among a select group of nations with advanced indigenous air defence systems.
Watch. 🔽
Greetings on the sacred occasion of Ashadhi Ekadashi. This auspicious day is about the eternal message of devotion and compassion. May Bhagwan Vitthal’s blessings bring joy, harmony and prosperity and guide us towards a better society. May He strengthen our resolve to serve and work tirelessly for the welfare and dignity of every person.