SpaceX Revenue Jumps 92% as AI Capital Spending Reaches $15.8 Billion

SpaceX’s second-quarter revenue nearly doubled from a year earlier as its AI business expanded, while the company spent $15.828 billion on AI during a quarter in which it recorded a $541 million net loss. Revenue for the three months ended June 30, 2026, reached $7.814 billion, up 92% from $4.071 billion a year earlier. Growth came from SpaceX’s Space, Connectivity and AI businesses. Connectivity revenue rose to $4.291 billion from $2.588 billion. Starlink subscribers grew 101.2% year over year, while average revenue per subscriber declined 22.4%. AI revenue climbed to $2.561 billion from $737 million.

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