SpaceX has reported that in the second quarter of 2026 it recorded losses of 541 million dollars (470 million euros), which represents an improvement of 46.3% compared to the "red numbers" of 1.008 billion dollars (875 million euros) recorded between April and June of the previous year. This is its first quarterly report as a publicly traded company, following its stock market debut on June 12, according to details provided by the company founded by Elon Musk on Tuesday.
Despite the significant reduction in losses between April and June, the balance of the first half of 2026 remains clearly negative: the accumulated result in the first six months of the year amounted to 5.488 billion dollars (4.763 billion euros), which represents an increase of 257% compared to the losses of 1.536 billion dollars (1.333 billion euros) recorded in the same period of 2025.
Regarding revenue, the aerospace group's income totaled 7.814 billion dollars (6.782 billion euros) in the second quarter, 92% more than a year earlier. This strong advance was supported by the growth of the connectivity business, which includes Starlink, whose revenue reached 4.291 billion dollars (3.724 billion euros), after growing 65.8% year-on-year.
SpaceX's AI division also experienced a strong takeoff, achieving a business figure of 2.561 billion dollars (2.223 billion euros) in the quarter, 247% higher than a year earlier. Meanwhile, the space business contributed revenues of 962 million dollars (835 million euros), 29% more than in the second quarter of the previous fiscal year.
In parallel, the estimated capital expenditure by the company for the period between April and June skyrocketed by 550% year-on-year and 82% compared to the immediately preceding quarter, reaching 18.369 billion dollars (15.943 billion euros).
With all this, in the overall first half of 2026, SpaceX's business figure reached 12.508 billion dollars (10.856 billion euros), which corresponds to an increase of 53.7% compared to the first six months of the previous fiscal year.
In the same period, the accumulated Capex rose to 28.476 billion dollars (24.714 billion euros), four times more than that recorded in the first six months of the previous year.
In the markets, the shares of the rocket and AI group closed Tuesday's session, just before the quarterly results were released, with an advance of 9.43%, up to a price of 125.33 dollars per share.
Despite the rebound of the day, SpaceX shares are down 16.4% since their debut on Nasdaq on June 12, when they began trading at 150 dollars, and down 7% compared to the 135 dollars set for their public offering, the largest in history after raising 85.7 billion dollars (74.38 billion euros).
In the first sessions after the IPO, the shares reached a maximum of 225.64 dollars, but since then the price has been gradually weakening, until hitting a minimum of 104.83 dollars this Monday. The market remains attentive to the impact that the expiration this Thursday of the first of the staggered "lockup" periods planned after the IPO may have, which will allow the incorporation of millions of additional shares to the market.