SpaceX reduced losses by 46% to 470 million in the second quarter

SpaceX reduced losses by 46% to 470 million in the second quarter

The US technology company SpaceX today announced that it suffered losses of $541 million (EUR 470 million) in the second quarter, a loss reduction of 46.3% over the same period.

© Lusa


04/08/2026
by

Lusa

Fundaed by Elon Musk, SpaceX had recorded between April and June of last year 1,008 million dollars (875 million euros) of losses.

 

The accounts now presented are the company's first quarter after its stock exchange debut on June 12.

Despite having virtually halved its quarterly losses, in the first six months of the year the result of SpaceX was negative by USD 5,488 million (EUR 4,763 million), 257% above the losses of USD 1,536 million (EUR 1,333 million) in the first half of 2025.

On the other hand, the company’s revenues amounted to USD 7.814 million in the quarter (EUR 6,782 million), an increase of 92% over the previous year, driven by the growth of 65.8% of the connectivity business, which includes Starlink satellites, with a turnover of USD 4,291 million (EUR 3,724 million).

In addition, SpaceX’s artificial intelligence division (IA) reached a turnover in the quarter of USD 2,561 million (EUR 2.223 million), an increase of 247% over the previous year, while the space business generated revenue of USD 962 million (835 million), a growth of 29% over the second quarter of the previous year.

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