SpaceX revenue nearly doubles in first public earnings, and crypto markets are paying attention

SpaceX just dropped its first quarterly earnings report as a public company, and the numbers are the kind that make Wall Street analysts spill their coffee. The Elon Musk-led space enterprise posted $7.8 billion in Q2 2026 revenue, a 92% jump from roughly $4.1 billion in the same quarter last year. That figure beat Wall Street expectations of approximately $6.9 billion. Starlink is the real engine here Starlink generated $4.3 billion in revenue during Q2, a 66% increase year-over-year. Its subscriber count doubled to 12 million users. For the full year of 2025, Starlink contributed $11.4 billion out of SpaceX’s total $18.7 billion in revenue. That’s 61% of the entire business coming from beaming internet from space. Starlink’s operating income hit $1.66 billion in Q2. SpaceX’s full-year 2025 revenue of $18.7 billion represented a 33% increase from the prior year. The fine print investors shouldn’t ignore Despite all the top-line fireworks, SpaceX reported a net loss of $541 million in Q2. The adjusted EBITDA number paints a rosier picture at $3.5 billion, reflecting 191% year-over-year growth. SpaceX completed its IPO on the Nasdaq in June 2026 under the ticker SPCX, making Q2 its ...