CumberlandElon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.
SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
Elon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.
SpaceX reported second-quarter revenue of $7.8 billion, beating Wall Street expectations of $6.9 billion. The company narrowed its net loss to $541 million from $1.0 billion a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion on growth in launch, Starlink and AI businesses. SpaceX disclosed $1.10 billion in digital assets at the end of the quarter, down from $1.64 billion at the end of 2025.
SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion.
That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses.
The company reported a net loss of $541 million, an improvement from a $1.0 billion loss a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion.
The firm held onto its stash of 18,712 bitcoin BTC$64,191.25, according to the SEC filing. However, the value of holdings declined to $1.10 billion at June 30 from $1.64 billion at the end of 2025, coinciding with bitcoin’s 33% price slump through that period.
SPCX was down 6% after-hours on the report to $118 after closing the regular session nearly 10% higher on the day’s trading, while the Nasdaq 100 gained 3.3%.
The firm’s report arrived less than two months after SpaceX's record-breaking $86 billion IPO and ahead of the stock’s first major test. On Aug. 6, roughly 912 million shares held by employees and early backers will become eligible for sale, potentially increasing the stock's public float.
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The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Open USD rattled Circle's stock, but its key backers still support USDC
Samsung is poised to become a dominant stablecoin distributor, analysts say
Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
Open USD rattled Circle's stock, but its key backers still support USDC
Samsung is poised to become a dominant stablecoin distributor, analysts say
Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him