SpaceX Revenue Nearly Doubles in First Post-IPO Quarter — Shares Fall on AI Spend Concerns

SpaceX's Q2 2026 revenue nearly doubled year over year, its inaugural report since June's record IPO. Shares dropped in extended trading as investors weighed the cost of building AI data centers on Nvidia chips, targeting over 2 gigawatts of compute capacity by year-end. SpaceX's pre-IPO filing disclosed a $4.28 billion quarterly loss.