SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion.
That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to to $541 million as growth accelerated across its launch, Starlink and AI businesses.
The company reported a net loss of $541 million, an improvement from a $1.0 billion loss a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion.
Crypto investors were also watching for changes to SpaceX’s bitcoin holdings.
The company reported $1.10 billion in digital assets at the end of the second quarter, down from $1.64 billion at the end of 2025.
SpaceX’s IPO filing disclosed that it held 18,712 bitcoin as of March 31, acquired for about $661 million and valued at $1.29 billion at the time. Tuesday’s earnings release reported only the value of its…
