SpaceX reported second-quarter revenue of $7.8 billion, up from $4.1 billion a year earlier, in its first financial results since going public. Starlink revenue increased 66%, while the company’s AI business grew about 250%.

Operating losses narrowed to $143 million from $970 million, but capital expenditures exceeded $18 billion, including $15.83 billion spent on AI infrastructure. Starlink subscribers doubled year over year to 12 million, reinforcing the connectivity business as SpaceX’s largest revenue driver.

Source: reuters.com