SpaceX reported second-quarter 2026 revenue of $7.8 billion, up 92% year over year and above consensus estimates of roughly $6.9 billion, while capital expenditures reached $18.4 billion. The report followed a weeks-long share-price rally that helped Elon Musk’s net worth move back above $900 billion after falling below $700 billion in July. About $15.8 billion of quarterly capital spending went to the Colossus II compute platform, and the AI segment generated $2.56 billion in revenue, up 248%, as SpaceX secured $14.1 billion in new AI compute contracts. The company nevertheless posted a $541 million net loss, although adjusted EBITDA rose to $3.5 billion and the loss improved from $1 billion a year earlier. Shares declined after the release, but Morgan Stanley, Oppenheimer and Cantor later supported the company’s results. Musk and CFO Bret Johnsen set a $1 trillion annual-revenue target for 2030, while Musk said SpaceX aims to establish data centers in space by 2027.