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SpaceX Q2 Revenue Up 92%, AI Spend Soars, Shares Drop

8/6/2026

50 7 Full Breakdown

Summary

SpaceX Posts Loss

SpaceX posted Q2 revenue of $7.8 billion, up 92% year-over-year, and a loss of $541 million, 9 cents per share.
Capital expenditures rose sixfold to $18.4 billion, with $15.8 billion spent on AI.
CFO Bret Johnsen said spending will stay at similar levels through the year.
Shares fell 13% to about $109, while retail investors bought $22.7 million in the first hour.
Up to 911.5 million shares may become available when the lockup expires this week.

Summary

AMD Refutes Musk

AMD CEO Lisa Su said AMD will keep partnering with SpaceX while working with Nvidia, refuting Musk’s chip claim.
AMD’s capital expenditures rose to $808 million, double the $389 million a year earlier, to fund EPYC processors and Helios AI systems.
AMD projects the server CPU market will grow from $26 billion in 2025 to $220 billion by 2030, positioning it as Nvidia’s main challenger; Nvidia shares rose about 3% after Musk’s comments.

History

Historical Context

In 2010 SpaceX launched the Falcon 9, funded by NASA’s COTS program that later paid $278 million for three demonstration flights. The first successful first-stage landing in December 2015 proved reusability, cutting internal launch costs to roughly $15 million per flight. Those savings spurred rivals and today fuel an AI-chip investment surge involving firms such as AMD.

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SpaceX Posts Loss

SpaceX posted Q2 revenue of $7.8 billion, up 92% year-over-year, and a loss of $541 million, 9 cents per share.
Capital expenditures rose sixfold to $18.4 billion, with $15.8 billion spent on AI.
CFO Bret Johnsen said spending will stay at similar levels through the year.
Shares fell 13% to about $109, while retail investors bought $22.7 million in the first hour.
Up to 911.5 million shares may become available when the lockup expires this week.

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