SpaceX Q2 FY26 net loss narrows 46.3% to $541 million; revenue rises 91.9% to $7.81 billion

• SpaceX posted GAAP net loss of USD 541 million for the quarter ended June 30, 2026, narrowing 46.3%.
• Revenue rose 91.9% to USD 7.81 billion, while operating loss narrowed 85.3% to USD 143 million.
• AI revenue more than doubled to USD 2.56 billion, driven by USD 1.6 billion of higher AI infrastructure revenue.
• Connectivity revenue climbed 65.8% to USD 4.29 billion as Starlink subscribers doubled to 12 million; ARPU fell 22.4% to USD 66.
• The company completed a June IPO raising net proceeds of USD 85.68 billion, then issued USD 25 billion of SpaceX Notes to repay its bridge loan.

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