Quarterly ResultAug 4, 2026, 04:09 PM
SpaceX Q2 Revenue +92% to $7.8B; Acquires Cursor for $60B
AI Summary
Space Exploration Technologies Corp. (SpaceX) reported strong second-quarter 2026 results, with revenue soaring 92% year-over-year to $7.8 billion and Adjusted EBITDA increasing 191% to $3.5 billion. The company announced the acquisition of Cursor for $60 billion to boost its AI capabilities and achieved significant growth in its Connectivity and AI segments. Starlink subscribers doubled to 12.0 million, and SpaceX secured over $6 billion in U.S. government contracts for Starshield, ending the quarter with $100 billion in cash.
Key Highlights
- Revenue increased 92% year-over-year to $7.8 billion for Q2 2026.
- Net loss improved to $541 million from $1.0 billion in the prior year quarter.
- Adjusted EBITDA grew 191% year-over-year to $3.5 billion.
- Announced agreement to acquire Cursor for $60 billion to accelerate AI enterprise offerings.
- Connectivity segment revenue grew 66% to $4.3 billion, with Starlink subscribers doubling to 12.0 million.
- AI segment revenue surged 247% to $2.6 billion, driven by new Cloud Service Agreements totaling $14.1 billion.
- Awarded over $6 billion in multi-year U.S. government contracts for Starshield.
- Ended the quarter with $100 billion in cash, cash equivalents, and marketable securities, and $47.5 billion in backlog.
Price Impact
More from SPCX