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CoinDesk

SpaceX posts $7.8 billion in Q2 revenue as bitcoin holding value falls $540 million

AI Market Summary
SpaceX's first public quarterly report beat revenue expectations and showed a sharply improved loss profile, with adjusted EBITDA nearly tripling, signaling stronger operating momentum across launches, Starlink and AI. However, the disclosed value of digital assets fell by about $540 million, drawing crypto attention and raising questions on bitcoin exposure details. Shares fell 6% after-hours, highlighting sensitivity to disclosure and positioning.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT+0.66%
AI Insight · NCSKSPCX2USD/USDTAI Insight
● Neutral
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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%.
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