SpaceX Revenue Nearly Doubles Since IPO — Shares Dip on AI Costs

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