What Happened
Strong Growth In Starlink Business Drives Record Results
SpaceX has reported a 92% increase in quarterly revenue, driven by strong growth in its Starlink satellite-internet business. The company posted revenue of $7.8 billion, exceeding expectations, and a net loss of $541 million. SpaceX has invested heavily in AI infrastructure, Starlink expansion, and its next-generation reusable rocket system, Starship. The company’s ability to turn Starship into a reliably reusable vehicle is central to its longer-term strategy, according to Reuters.