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SpaceX Earnings Beat Expectations | Oakland News

SpaceX Earnings Beat Expectations | Oakland News

Published 2 days, 9 hours ago
Description

SpaceX’s first earnings report since going public reveals record revenue of $7.8 billion, despite a $541 million loss — far exceeding analyst expectations across all three core divisions: Space, Connectivity, and AI. Starlink alone generated $4.3 billion, doubling subscribers to 12 million, while Starship brought in $962 million and AI raked in $2.6 billion. Though the stock has dropped nearly 50% since IPO, the momentum is undeniable — and investors are watching closely as Musk’s vision for global internet and interplanetary travel takes shape.

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