# SpaceX 上市后首份财报：季度营收近翻倍至 $7.8B

- 来源：Rohan Paul (@rohanpaul_ai)
- 发布时间：2026-08-05 13:53
- AIHOT 分数：62
- AIHOT 链接：https://aihot.virxact.com/items/cmsfooa7h088drochxa7i9ekx
- 原文链接：https://x.com/rohanpaul_ai/status/2084880521323295127

## AI 摘要

SpaceX 上市后首份财报显示季度营收近乎翻倍至 $7.8B，Starlink 贡献过半收入，订阅用户翻倍至 12M，但人均付费下降 22%。AI 部门收入增长约 250%，主要来自与 Anthropic、Google 和 Reflection AI 的算力合同，总运营亏损从 $970M 收窄至 $143M。

## 正文

SpaceX nearly doubled quarterly revenue to $7.8B in its first earnings report since going public， up from $4.1B a year earlier.

Starlink held up its end of that， bringing in over half of all revenue， growing operating income 79% and doubling subscribers to 12M.

But each subscriber now pays 22% less than a year ago， since cheaper plans were the price of entering more international markets.

So the growth is coming from volume rather than price.

The AI unit was meant to be the thing draining all that cash， and instead its revenue rose about 250%.

Compute contracts with Anthropic， Google and Reflection AI did most of that work， which is why total operating losses narrowed to $143M from $970 M.

The cost shows up in capital spending， which reached more than $18B in the quarter against $2.83B a year earlier.

Data centers took $15.83B of that， up from $749M， and the finance chief expects a similar pace for the next couple of quarters.

Musk said the company will finish this year above 2GW of computing capacity and reach close to 10GW by the end of next year.

All of it runs on Nvidia hardware， so a large share of every dollar spent lands back with one supplier.

Management promised payback in under a year on new compute spending， plus a $100B revenue run-rate by December.

### 引用推文

> App Economy Insights：$SPCX SpaceX Q2 FY26: • Revenue +92% Y/Y to $7.8B ($1.0B beat). • Operating margin -2% (+22pp Y/Y). • CapEx $18.4B (including $15.8B for AI). • GAAP EPS -$0.09 ...