SpaceX stock opened strong on second-quarter earnings, jumping 9.43% in regular trading before giving back 5.45% after hours as investors dug into the numbers. The satellite internet unit carried the whole show. Starlink pulled in $4.29 billion last quarter, essentially funding the entire operation while new AI divisions burned cash.
Revenue nearly doubled across the company. Q2 topped $7.81 billion, up 92% from a year earlier, crushing analyst targets. Starlink alone generated more than half the quarterly haul and stayed firmly in the black. The real story, though, sits in the red. SpaceX's AI business raked in $2.56 billion in sales but lost $1.26 billion in the process. The company threw $18.37 billion at AI development, signaling management believes this segment will eventually turn into a profit machine.
The after-hours selloff reflected lingering questions about cash burn and when, if ever, those AI investments actually pay back. Starlink's steady cash generation buys time, but investors want proof the expansion makes financial sense. For now, Elon Musk's company remains betting that satellite internet keeps the lights on while AI chases the future.
This article is informational only and should not be considered financial advice. Stock performance involves risk, and past results do not guarantee future outcomes.
