SpaceX posts $7.8 billion in Q2 revenue as bitcoin holding value falls $540 million
SpaceX’s first quarterly report as a public company showed second-quarter revenue of $7.8 billion, beating expectations, while its net loss narrowed to $541 million. Adjusted EBITDA nearly tripled, reflecting stronger performance across its launch, Starlink and AI businesses. The value of the company’s bitcoin holdings fell by $540 million, even as overall results improved. Shares dropped 6% in after-hours trading, while the Nasdaq 100 rose 3.3%.