Elon Musk's SpaceX (SPCX) tops earnings as bitcoin (BTC) holding value drops by $540 million

Elon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.

Elon Musk's SpaceX (SPCX) tops earnings as bitcoin (BTC) holding value drops by $540 million

Finance

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

Elon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.

By

Krisztian Sandor

|

Edited by

Stephen Alpher

Updated

Aug 4, 2026, 10:23 p.m.

Published

Aug 4, 2026, 8:26 p.m.

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SpaceX and Tesla CEO Elon Musk (Getty Images)

Summary

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SpaceX reported second-quarter revenue of $7.8 billion, beating Wall Street expectations of $6.9 billion.

The company narrowed its net loss to $541 million from $1.0 billion a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion on growth in launch, Starlink and AI businesses.

SpaceX disclosed $1.10 billion in digital assets at the end of the quarter, down from $1.64 billion at the end of 2025.

SpaceX (SPCX), Elon Musk’s space technology company,

reported

its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion.

That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to $541 million as growth accelerated across its launch, Starlink and AI businesses.

The company reported a net loss of $541 million, an improvement from a $1.0 billion loss a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion.

The firm held onto its stash of 18,712 bitcoin

BTC

$

64,172.79

, according to the

SEC filing

. However, the value of holdings declined to $1.10 billion at June 30 from $1.64 billion at the end of 2025, coinciding with bitcoin’s 33% price slump through that period.

SpaceX spent $18.4 billion on capital expenditures during the quarter, well above analysts' expectations of $13 billion, as it continued investing heavily in artificial intelligence infrastructure.

SPCX was down 6% after-hours on the report to $118 after closing the regular session nearly 10% higher on the day’s trading, while the Nasdaq 100 gained 3.3%.

The firm’s report arrived less than two months after SpaceX's record-breaking $86 billion IPO and ahead of the stock’s first major test. On Aug. 6, roughly 912 million shares held by employees and early backers will become eligible for sale, potentially increasing the stock's public float.

UPDATE (Aug. 5, 22:20):

Added capital expenditure figure.

SpaceX

Elon Musk

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