SpaceX doubles revenues on Anthropic and Google compute deals, Starlink growth
SpaceX reported a 92% revenue increase in Q2 2026, reaching $7.8 billion driven by Starlink growth and new AI computing deals with Anthropic and Google. Despite this financial growth, the company's stock has struggled since its record-breaking IPO, falling below its initial offering price.
Why it matters
The report highlights the diversification of SpaceX beyond aerospace into AI infrastructure and satellite internet, while reflecting investor skepticism regarding its massive valuation.
SpaceX doubled its revenue compared to last year, in large part thanks to the growth of its Starlink satellite internet service and deals it struck to rent out computing power to Anthropic and Google, the company revealed in its first quarterly earnings since going public.
Total sales grew from $4 billion in the second quarter of 2025 to $7.8 billion in Q2 2026, a jump of 92%. Nearly $2 billion of that growth came from its AI division, while Starlink revenue also grew by $1.7 billion.
SpaceX’s first quarterly earnings report was released nearly two months after the company pulled off the largest IPO in history . SpaceX raised more than $85 billion and went public at a valuation of $1.75 trillion.
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