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About SpaceXBeatEstimates
SpaceX's first earnings report as a public company topped expectations. Q2 revenue rose 92% YoY to $7.81B, beating the $6.9B consensus. The company posted a $0.09 EPS loss, smaller than expected, while operating losses narrowed from $970M to $143M. The results highlight Starlink as the key growth driver, but heavy investment continues to weigh on profitability. With the Aug 6 lock-up expiration approaching, investors are shifting focus from the earnings beat to profit sustainability and potentia
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Written before SpaceX, at 4 a.m. $SPCX earnings report, I won’t stay up late waiting for the report, so here’s an early preview for sharing only
What are the key points to watch in this SPCX earnings report?
1. SPCX’s earnings can’t be viewed solely through the lens of traditional aerospace company financials; the core focus should be on balancing AI capital expenditure and revenue.
2. Currently, the only business truly generating profit and cash flow for SPCX is the Starlink business. Reviewing revenue for 2025 and Q1 2026, Starlink remains the main source of corporate income. Therefore, the market’s main concern is Starlink’s business growth, profitability, and whether it can support the company’s current capital expenditures.
3. The market’s current worry is whether Starlink’s profitability can cover SPCX’s AI business and aerospace investments, and whether the company can demonstrate a transition from "high growth, high burn" to "high growth but with controllable cash flow." The biggest concern in the Q2 earnings season is excessive capital spending without effective profitability.
4. Regarding AI business development, if Starlink supports current operations, SPCX’s AI business is the core future profit driver. Investment is about trading expectations and the future, so AI represents future profitability. The focus here is on revenue from AI data centers and computing power businesses.
The validation logic for this segment depends on AI revenue, AI capital expenditure, AI contracts, and the timing of future revenue realization. If revenue, contracts, and capital spending all rise, the market can accept it. The most worrying scenario is rising capital expenditure without a corresponding increase in AI revenue and orders, which would raise concerns about capital spending.
5. The company’s overall capital expenditure and cash flow: operating cash flow minus capital expenditure equals free cash flow. This is a key metric because if free cash flow continues to decline sharply, it will increase market concerns about SPCX’s future financing .
🚨SPACEX STILL HOLDS 18,712 BITCOIN!
SpaceX confirmed in its first public Q2 earnings that it continues to hold the full 18,712 $BTC on its balance sheet, no sales since the IPO disclosure.
The position, originally acquired for about $661 million, remains intact and is valued at roughly $1.1-1.2 billion.
SpaceX Beats Expectations in Its First-Ever Earnings Report
SpaceX delivered a strong Q2 performance, reporting $7.8B in revenue, well above the $6.81B market expectation. Meanwhile, Starlink reached an impressive 12 million subscribers, highlighting continued growth across the company's ecosystem.
However, attention is now shifting to August 6, when 911 million insider shares become eligible for sale. With approximately 34% of the float currently sold short, the upcoming unlock could significantly increase market volatility
The next few trading sessions will be closely watched as participants assess how the share unlock impacts price action and overall market sentiment
#DailyOrbit #OKXOrbitTopics #BigTechEarningsWatch
🚨Reasons bullish: SpaceX as a publicly listed company releases its first financial report, with performance far exceeding expectations
Revenue: $7.8B vs. $6.81B expected, up 92%
Starlink: Revenue $4.29B, operating revenue $1.66B, 12 million subscription users
The AI division’s loss is only HALF of Wall Street’s expectations ($1.26B vs. $2.39B)
Musk is calling the shots—can $SPCX take off?
#FedSplitGoesPublic
SpaceX Q2 Revenue Jumps 92% as Digital Asset Value Falls to $1.10 Billion
SpaceX reported second-quarter 2026 revenue of $7.81 billion, up 92% year over year, while its net loss narrowed to $541 million from $1.01 billion. Adjusted EBITDA rose 191% to $3.54 billion. Connectivity revenue reached $4.29 billion as Starlink subscribers doubled to 12 million. AI revenue surged 247% to $2.56 billion but generated an operating loss of $1.26 billion. Capital expenditure totaled $18.37 billion, of which $15.83 billion was attributable to the AI segment.
At quarter-end, SpaceX’s digital assets had a carrying value of $1.10 billion, down approximately 33% from $1.64 billion at the end of 2025. The company had previously disclosed holding 18,712 BTC in its IPO filing. SpaceX also held approximately $100 billion in cash, cash equivalents and marketable securities, while its contract backlog stood at $47.5 billion.
A whale just went long on SpaceX.
Biggest position on Hyperliquid, hours before earnings.
$17.36 MILLION long. Already up $404K as $SPCX bounces to $118.
SpaceX reports its first ever earnings TONIGHT after the US close.
Options are pricing a 13% move.
This whale is betting the report sends it higher.
$ASTS - Clear Street's Note from yesterday values Starlink at $1.3T based on a 20x EV/EBITDA 2030E estimate of $64.8B
Bloomberg estimates AST SpaceMobile hitting close to $3B in EBITDA by 2030. Slap a 20x multiple and you get a $60B valuation. That's $155/share
We are not bullish enough!
JUST IN: Elon Musk's SpaceX $SPCX reports $7.8 billion in revenue for Q2 2026, beating expectations.
JUST IN: SpaceX ($SPCX) exceeded Wall Street expectations in its first quarterly report as a public company, driven by 92% year-over-year revenue growth.
