News First | Americas

SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business

4 August 2026, 1:34 pm

1 min read

FILE PHOTO: The SpaceX Starship and Super Heavy v3 Booster lift off on its 13th test flight from the SpaceX launch complex in Starbase, Texas, U.S., July 24, 2026. REUTERS/Steve Nesius/File Photo

Reuters beat the competition to SpaceX’s revenue, net loss and capex in its first quarterly earnings since going public. The company’s shares initially rose 2% in US after-market trading before falling more than 7% as investors worried about the scale of spending needed to fulfil its AI ambitions.