Why Is SpaceX (SPCX) Up 30% Since Last Earnings Report?
SpaceX reported Q2 2026 earnings that beat estimates with a narrower loss of 9 cents per share versus 26 cents expected. Revenue surged 91.9% to $7.81 billion, driven by AI cloud services and Starlink expansion which doubled to 12 million subscribers. The company posted adjusted EBITDA of $3.54 billion and targets over $100 billion in annualized revenue run rate by year-end, though high capital expenditures of $18.37 billion and segment losses in Space operations remain concerns.