Elon Musk’s SpaceX reports losses but less than expected
SpaceX reported a quarterly loss of $541 million, which was significantly better than Wall Street expectations. The company saw a 90 percent revenue increase, driven largely by its Starlink satellite internet service and new government contracts.
Why it matters
As a newly public company, SpaceX's ability to balance massive infrastructure spending with revenue growth is a key indicator for the commercial space industry.
Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations.
x whatsapp-stroke copylink google Add Al Jazeera on Google info When SpaceX debuted on public markets earlier this year, it was the largest stock market debut in history [File: Justin Sullivan/Getty Images via AFP] By Al Jazeera Staff , AP and Reuters Published On 4 Aug 2026 4 Aug 2026 SpaceX reported a loss of more than half a billion dollars in its first quarterly statement as a public company , but the loss was less than Wall Street expected and revenue soared.
On Tuesday, the company run by Elon Musk reported a loss of $541m, or 9 cents per share, in the three months through June, less than half what financial analysts had expected.
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