SpaceX Q2 was insane.
Revenue hit $7.8B, up 92% YoY. Adjusted EBITDA nearly tripled to $3.5B, while net loss narrowed to $541M despite $18.4B in capex.
Starlink reached 12M subscribers, double last year. Connectivity generated $4.3B in revenue, up 66%, and $1.66B in operating income, up 79%. Enterprise and government revenue grew 108%.
AI revenue surged 247% to $ 2.56B. Starshield secured more than $6B in multi-year contracts. SpaceX also completed two successful Starship V3 flight tests.
There is no comparable company on Earth.
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