SP

SpaceX CDR (CAD Hedged) Earnings Recaps

SPCX.TO 1 recap
Q2 2026 Aug 7, 2026

SpaceX's Q2 results came in largely as expected, with revenue and adjusted EBITDA showing substantial year-over-year gains, while the stock showed no meaningful reaction, implying investors found no surprises in the report or outlook.

Key takeaways
  • Revenue rose 92% year-over-year to $7.8 billion, reflecting continued top-line expansion.
  • Adjusted EBITDA surged 191% to $3.5 billion, indicating improved operational cash flow performance.
  • Net loss narrowed by $467 million to $541 million, showing progress toward profitability but still a material loss.
  • Starship achieved two successful V3 flights recently, advancing capabilities critical for future orbital missions.
  • Starlink’s next-generation V3 satellites offer roughly an order of magnitude greater bandwidth capacity, positioning for significant revenue growth over the next decade.
Full recap

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