SpaceX stock falls 8% as first earnings beat is overshadowed by $18B capex
Shares in Space Exploration Technologies Corp. fell more than 8% in late trading today after the newly public company beat Wall Street on revenue and earnings in its second quarter and disclosed capital spending billions of dollars above what analysts had modeled. It was SpaceX's first quarterly report since its June initial public offering, the [...
Key Takeaways
- SiliconANGLE UPDATED 18:36 EDT / AUGUST 04 2026 AI SpaceX stock falls 8% as first earnings beat is overshadowed by $18B capex by Duncan Riley Shares in Space Exploration Technologies Corp.
It was SpaceX's first quarterly report since its June initial public offering , the largest on record.
- 37 billion in the quarter, more than six times the $2.
83 billion it laid out a year earlier and well ahead of the roughly $13 billion analysts had penciled in.
- SpaceX signed a major agreement with American Airlines Group Inc.
during the quarter and activated service on Southwest, Virgin Atlantic, Iberia and Aer Lingus.
- 4 gigawatts a year earlier, as work continued on the Colossus II data center.
26 billion at the operating line, though adjusted EBITDA turned positive at $1.
- "Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements," Chief Financial Officer Bret Johnsen said in the company's earnings release .
Stats & Key Facts
- #] The post SpaceX stock falls 8% as first earnings beat is overshadowed by $18B capex appeared first on SiliconANGLE.
- #SiliconANGLE UPDATED 18:36 EDT / AUGUST 04 2026 AI SpaceX stock falls 8% as first earnings beat is overshadowed by $18B capex by Duncan Riley Shares in Space Exploration Technologies Corp.
- #For the quarter that ended June 30, SpaceX reported a net loss of nine cents per share on revenue of $7.
- #Analysts were expecting a loss of 26 cents per share on revenue of $6.
SiliconANGLE UPDATED 18:36 EDT / AUGUST 04 2026 AI SpaceX stock falls 8% as first earnings beat is overshadowed by $18B capex by Duncan Riley Shares in Space Exploration Technologies Corp. fell more than 8% in late trading today after the newly public company beat Wall Street on revenue and earnings in its second quarter and disclosed capital spending billions of dollars above what analysts had modeled. It was SpaceX's first quarterly report since its June initial public offering , the largest on record.
For the quarter that ended June 30, SpaceX reported a net loss of nine cents per share on revenue of $7. Analysts were expecting a loss of 26 cents per share on revenue of $6. On an unadjusted basis, the net loss came to $541 million, narrowing from $1.
01 billion, or 34 cents per share, in the same quarter last year. Adjusted earnings before interest, taxes, depreciation and amortization rose 191% to $3. Loss from operations was $143 million, against $970 million a year ago.
For more details please read the original article at SiliconANGLE AI.
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