SpaceX Q2 revenue $7.8B (+92% YoY); net loss narrows to $541M; announces $60B Cursor acquisition

SPACE EXPLORATION TECHNOLOGIES CORP

Revenue $7.8B, up 92% YoY; net loss $541M, improved from $1.0B loss; adjusted EBITDA $3.5B, up 191%.
Connectivity segment revenue $4.3B (+66% YoY); Starlink subscribers doubled to 12.0M; ARPU $66.
AI segment revenue $2.6B (+247% YoY); positive AI adjusted EBITDA of $1.1B; compute capacity 1.4 GW.
Announced $60B acquisition of Cursor, expected to close Q3 2026; $14.1B in new cloud services contracts.
Ended Q2 with $100B cash and marketable securities; $47.5B backlog; $25B bond issuance closed in June.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.