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!
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