U.S. commercial space company SpaceX has released its financial data for the second quarter of 2026.
Key Financials: Revenue: $7.8 billion, up 92% Net loss: $541 million, narrowing by $467 million compared with the $1.0 billion loss in the same period last year Adjusted EBITDA: $3.5 billion, up 191%, increasing from $1.2 billion to $3.5 billion Diluted loss per share: $0.09
Backlog Breakdown: About 56% is expected to be recognized as revenue within 1 year About 34% is expected to be recognized as revenue in 1 to 3 years
Business Highlights: In the past 90 days, completed two Starship V3 prototype test flights Communications segment revenue grew 66% year over year; operating profit grew 79% year over year. The main drivers were a doubling of Starlink user scale and strong growth in government and enterprise business Starshield has secured multi-year U.S. government orders worth over $6 billion Signed multiple cloud services cooperation agreements, with total contract value of $14.1 billion
Notably, the size of shares set to be released from lockup on August 6 is relatively large. Since the stock peaked after listing, SpaceX’s share price has fallen by more than 50% in total, and the market appears overly sensitive to potential selling pressure before and after the release.
U.S. commercial space company SpaceX has released its financial data for the second quarter of 2026.
Key Financials: Revenue: $7.8 billion, up 92% Net loss: $541 million, narrowing by $467 million compared with the $1.0 billion loss in the same period last year Adjusted EBITDA: $3.5 billion, up 191%, increasing from $1.2 billion to $3.5 billion Diluted loss per share: $0.09
Backlog Breakdown: About 56% is expected to be recognized as revenue within 1 year About 34% is expected to be recognized as revenue in 1 to 3 years
Business Highlights: In the past 90 days, completed two Starship V3 prototype test flights Communications segment revenue grew 66% year over year; operating profit grew 79% year over year. The main drivers were a doubling of Starlink user scale and strong growth in government and enterprise business Starshield has secured multi-year U.S. government orders worth over $6 billion Signed multiple cloud services cooperation agreements, with total contract value of $14.1 billion
Notably, the size of shares set to be released from lockup on August 6 is relatively large. Since the stock peaked after listing, SpaceX’s share price has fallen by more than 50% in total, and the market appears overly sensitive to potential selling pressure before and after the release.
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On August 7, market data showed that SpaceX withstood the pressure from a massive share unlock, and the share price surged more than 6% against the trend. The total market value returned to the $1.5 trillion mark, with the current price at $114.92.
Driven by the leading company, a number of space-related stocks rebounded in sync: Redwire (RDW) jumped 10.35%, Rocket Lab (RKLB) rose 1.14%, and Virgin Galactic (SPCE) closed up 1.38%.
On Thursday, SpaceX faced a share unlock of as many as 911.5 million shares. The number already exceeds 140% of the current publicly available float. In the short term, this is likely to amplify price volatility. The market has issued warnings that by the end of this year, a combined total of more than 4 billion shares are expected to become tradeable. This may continue to create potential selling pressure going forward. Even so, capital is still actively weighing and trading SpaceX’s long-term fundamentals. #spacex
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