SpaceX's revenue doubles amid $18B capex
SpaceX achieved a 92% increase in its revenue in the second quarter of 2026, reaching $7.8 billion, while reducing its losses to $541 million. Despite the significant growth, the company remains unprofitable due to its intensive investments, which exceeded $18 billion in capital expenditures, over 86% of which is allocated to artificial intelligence. This reflects its shift from rocket development to greater reliance on AI services and satellites, as the number of Starlink subscribers increased to 12 million.
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