SpaceX Revenue Nearly Doubles to $7.8B in Debut Results as Starlink, AI Surge

According to Rappler, SpaceX reported second-quarter revenue nearly doubled to $7.8 billion for the quarter ended June 30, driven by its Starlink satellite communications and AI businesses, in the company's first earnings report since going public. Starlink revenue rose 66% and accounted for over half of total revenue, while AI business revenue surged about 250%.

Capital expenditures ballooned to over $18 billion from $2.83 billion a year earlier, with AI investment jumping to $15.83 billion from $749 million. SpaceX expects a $100 billion revenue run-rate by December and plans to launch at least 1,000 next-generation Starlink satellites within a year. Starlink subscribers doubled to 12 million at quarter-end.