SpaceX doubled its revenue compared to last year, in large part thanks to the growth of its Starlink satellite internet service and deals it struck to rent out computing power to Anthropic and Google, the company revealed in its first quarterly earnings since going public. Total sales grew from $4 billion in the second quarter of 2025 to $7.8 billion in Q2 2026, a jump of 92%. Nearly $2 billion of that growth came from its AI division, while Starlink revenue also grew by $1.7 billion. The company still lost $541 million in the quarter, but that was down from $1 billion in the second quarter last year. SpaceX chief financial officer Bret Johnsen said on Tuesday that SpaceX has an additional $6.7 billion of cloud services revenue under contract 'over a six month period that begins ramping starting in October of this year.' He also said he believes that, once it fully integrates AI startup Cursor, that it will reach a $100 billion annualized revenue run-rate [ARR] by the end of this...
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