SpaceX reported a sharp rise in quarterly revenue, driven by the rapid expansion of Starlink and new compute agreements with Anthropic and Google. In its first earnings update since going public, the company said sales climbed from $4 billion in the second quarter of 2025 to $7.8 billion in Q2 2026, a gain of 92%.
Nearly $2 billion of that increase came from SpaceX's AI-related business, while Starlink added another $1.7 billion in revenue. The figures highlight how the company is building a broader digital infrastructure model alongside its satellite internet network.
The earnings report arrived about two months after SpaceX completed what it described as the largest IPO in history, raising more than $85 billion at a valuation of $1.75 trillion. Shares initially surged after listing, briefly placing the company among the world's most valuable firms.
As trading continued, the stock moved lower and at one point fell below the IPO price. Even so, the latest results show how SpaceX is combining space technology, connectivity, and computing capacity into a fast-scaling business platform. The next phase may help define how private space companies shape the digital economy of the future.
