{"id":1909,"date":"2026-08-04T22:51:18","date_gmt":"2026-08-04T22:51:18","guid":{"rendered":"https:\/\/valutednews.com\/?p=1909"},"modified":"2026-08-04T22:51:18","modified_gmt":"2026-08-04T22:51:18","slug":"elon-musks-spacex-reports-losses-but-less-than-expected-space-news","status":"publish","type":"post","link":"https:\/\/valutednews.com\/?p=1909","title":{"rendered":"Elon Musk\u2019s SpaceX reports losses but less than expected | Space News"},"content":{"rendered":"
\"Elon<\/div>

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Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations.<\/em><\/p>\n<\/div>\n

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Published On 4 Aug 2026<\/span>4 Aug 2026<\/span><\/p>\n<\/div>\n<\/div>\n

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SpaceX reported a loss of more than half a billion dollars in its first quarterly statement as a public company<\/a>, but the loss was less than Wall Street expected and revenue soared.<\/p>\n

On Tuesday, the company run by Elon Musk reported a loss of $541m, or 9 cents per share, in the three months through June, less than half what financial analysts had expected.<\/p>\n

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Recommended Stories <\/h2>\n

list of 4 items<\/span>end of list<\/span><\/section>\n

Revenue jumped to $7.8bn, up more than 90 percent from the year-earlier period, beating analyst expectations. LSEG had forecast revenue growth of more than $6.9bn, and Bloomberg analysts had forecast $6.8bn.<\/p>\n

The Starbase, Texas-based giant ended the second quarter with $100bn in cash, according to United States Securities and Exchange Commission filings.<\/p>\n

The company touted several achievements in the quarter, including $6bn in new US government contracts for Starshield, its national security-centric satellite system, and two successful launches of its Starship V3 in the last 90 days.<\/p>\n

Starlink and SpaceX\u2019s broader connectivity operations remain the company\u2019s primary financial engine, underpinning Musk\u2019s push to build an AI-first business that extends beyond renting compute capacity to developing frontier models, consumer and enterprise software, and, eventually, data centres in space.<\/p>\n

The company\u2019s satellite-internet unit has continued to expand its global subscriber base, aided by launches of additional satellites and a growing range of consumer, enterprise, aviation, maritime and government services.<\/p>\n

Investors are watching whether SpaceX can maintain growth while improving the economics of its network, particularly as it spends heavily to expand coverage, increase capacity and develop direct-to-device mobile services.<\/p>\n

The company said it spent $18.37bn on Starlink and Starship expansion efforts, in addition to building out its AI infrastructure. Musk said the company expects its \u201cStarmind\u201d AI satellites to be launched next year.<\/p>\n

In its AI business, the tech giant had an operating loss of $1.2bn, as the company also released its most powerful Grok model yet. This comes as the company faces lawsuits around the globe for Grok being used to generate sexualised images<\/a> of people without their consent.<\/p>\n

Separately, SpaceX said it had partnered with Nvidia to use its chips in the Starmind AI1 orbital compute satellites.<\/p>\n

When SpaceX debuted on public markets earlier this year, it was the largest stock market debut in history, cementing Musk as the world\u2019s first trillionaire. However, it was a short-lived title because of a sell-off in the broader AI sector and on investor worries that Musk had oversold them on the company\u2019s future prospects for space travel and colonisation, among other issues.<\/p>\n

The company\u2019s stock has tumbled 8 percent since its IPO.<\/p>\n

SpaceX surged on Tuesday trading. It finished the day up 9.4 percent, but has since tumbled in after-hours trading and was down 7.2 percent since the market close.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations. Published On 4 Aug 20264 Aug 2026 SpaceX reported a loss of more than half a billion dollars in its first quarterly statement as a public company, but the loss was less than Wall Street expected and revenue…<\/p>\n","protected":false},"author":1,"featured_media":1910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2026\/08\/afp_6a72522abbb3-1785877034.jpg?resize=1920%2C1440","fifu_image_alt":"","footnotes":""},"categories":[21],"tags":[3594,1417,3597,3595,810,1575,3598,3596],"class_list":["post-1909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news","tag-elon","tag-expected","tag-losses","tag-musks","tag-news","tag-reports","tag-space","tag-spacex"],"_links":{"self":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts\/1909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1909"}],"version-history":[{"count":0,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts\/1909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/media\/1910"}],"wp:attachment":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}