WireByte

Home / Technology

Photo of wind turbine, battery, solar panels
Image: Wikipedia
Technology

SpaceX Reports $541M Loss

WireByte Staff · August 5, 2026

SpaceX posts smaller-than-expected loss of $541M, with revenue surging to $7.8B, driven by its Starlink satellite communications service, as the company invests heavily in AI and spacecraft development.

Key points

  • SpaceX, a rocket and satellite company founded by Elon Musk, reported a loss of $541 million in its first quarterly report as a public company.
  • The company's revenue jumped to $7.8 billion, a 90% increase from the year-earlier period, driven by a 66% increase in its Starlink satellite communications service.
  • SpaceX spent $18.4 billion in capital investments during the quarter, with a focus on artificial intelligence, spacecraft development, and its Starlink network.
  • The company's stock rose 9% in regular trading but gave back most of the gain after hours, amid concerns over Musk's prospects for space travel and AI chatbot Grok.
  • Analysts expect volatile trading as company insiders get the opportunity to sell shares after the expiration of a lockup period.
  • Musk stated that Starlink may deliver a majority of the world's internet in less than 10 years, with the company planning to launch orbiting AI data centers next year.

SpaceX, founded by Elon Musk, has reported its first quarterly results as a public company. The company posted a loss of $541 million, which was less than expected, and a significant increase in revenue to $7.8 billion.

The revenue growth was driven by the company's Starlink satellite communications service, which saw a 66% increase in revenue and now has 12 million subscribers.

Despite the increase in revenue, the company's stock price has been volatile, and analysts expect this to continue as company insiders get the opportunity to sell shares.

Musk remains optimistic about the company's prospects, stating that Starlink may deliver a majority of the world's internet in less than 10 years, and that the company is planning to launch orbiting AI data centers next year.

Sources

WireByte Staff — Editorial Team

The WireByte editorial team synthesises technology news from multiple primary sources, verifies the facts, and links every source. Articles are produced with AI assistance and reviewed under our editorial policy.