SpaceX Surpasses Revenue Expectations Despite $540 Million Bitcoin Loss

SpaceX, the aerospace company led by Elon Musk, has posted robust financial results for the second quarter, revealing revenues of $7.8 billion, which exceeded analysts' expectations of $6.9 billion.

The company's net loss shrank to $541 million, down from $1 billion the previous year, and its adjusted EBITDA nearly tripled to $3.5 billion, driven by growth in its launch services, Starlink, and artificial intelligence segments.

Despite these gains, SpaceX reported a significant decrease in the value of its bitcoin holdings, which dropped to $1.10 billion from $1.64 billion at the end of 2025, reflecting a 33% decline in bitcoin prices. The company holds 18,712 bitcoins, valued at BTC$63,498.53 as of June 30.

Following the earnings report, SpaceX's stock (SPCX) fell 6% in after-hours trading to $118, despite a nearly 10% rise during the regular session, while the Nasdaq 100 index gained 3.3%.

This earnings announcement comes shortly after SpaceX's record-setting $86 billion IPO and just before a notable stock unlock on August 6, when approximately 912 million shares held by employees and early investors will become available for trading.