secwatch.observer — SEC 8-K summary
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Issuer:     SPACE EXPLORATION TECHNOLOGIES CORP (SPCX)
CIK:        0001181412
Form:       8-K
Filed at:   2026-08-04T20:01:05+00:00
Accession:  0001628280-26-052515
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1181412/000162828026052515/0001628280-26-052515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1181412/000162828026052515/spcx-20260804.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-052515

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