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StocksMediumUpdated•Originally published 13 September 2026•Updated 13 September 2026•
2 min read

SpaceX Revenue Jumps 92% to $7.8B as It Targets a $100B Run Rate by December 2026

Key Facts

1Second-quarter revenue rose 92% to $7.8 billion, while net loss narrowed to $541 million from $1.008 billion.
2SpaceX targets a $100 billion annualized revenue run rate by December 2026, calculated from expected December revenue.
3Starlink subscribers doubled to 12.0 million from 6.0 million, while average monthly revenue per subscriber fell to $66 from $85.
4Contracted cloud-services sales totaled $14.1 billion and contributed $1.6 billion of incremental infrastructure revenue.
5SPCX closed at $151.21 on September 11, 2026, within a $145.92-to-$151.85 range.

SpaceX generated $7.8 billion of revenue in the quarter ended June 30, 2026, up 92% year over year, while net loss narrowed to $541 million from $1.008 billion. Management said it is targeting a $100 billion annualized revenue run rate by December 2026.

The $100 billion target annualizes expected revenue in December 2026; it does not mean the company expects to book that amount during the full year of 2026. The chief financial officer reiterated the target at a September investor conference and identified terrestrial compute contracts as a major driver.

Connectivity revenue rose 65.8% to $4.291 billion from $2.588 billion, while segment operating income increased to $1.656 billion from $923 million. The business therefore remained the company's main source of segment operating income.

Starlink subscribers doubled to 12.0 million at quarter-end from 6.0 million a year earlier, but average monthly revenue per subscriber declined to $66 from $85. The company attributed the decline to international expansion and the addition of lower-priced service plans.

The artificial-intelligence segment generated $2.561 billion of revenue, compared with $737 million a year earlier. SpaceX also disclosed cloud-services agreements representing $14.1 billion of contracted sales, which added $1.6 billion of artificial-intelligence infrastructure revenue during the quarter.

Artificial-intelligence segment capital expenditure reached $15.828 billion, up from $749 million a year earlier, while total research and development expense rose to $3.548 billion from $1.958 billion. The increase highlights the execution risk surrounding the growth target. SPCX closed at $151.21 on September 11, 2026, within a daily range of $145.92 to $151.85.