Filing Flows › Space Exploration Technologies (SPCX) › Q2 2026 › vs Q2 2025
Space Exploration Technologies (SPCX) Q2 2026 vs Q2 2025 (year over year)
Space Exploration Technologies's revenue rose $3.7B (+92%) from $4.1B in Q2 2025 to $7.8B in Q2 2026. The biggest changes: AI +$1.8B (+247%); Connectivity +$1.7B (+66%); Space +$216M (+29%).
Space Exploration Technologies, Q2 2026: revenue $7.8B (+92% year over year), operating margin -1.8%, net loss $541M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Connectivity | $4.3B | $2.6B | $1.7B | +66% |
| AI | $2.6B | $737M | $1.8B | +247% |
| Space | $962M | $746M | $216M | +29% |
| Revenue | $7.8B | $4.1B | $3.7B | +92% |
| Net loss | $541M | $1.0B | −$467M | -46% |
| Costs & expenses | $8.4B | $5.2B | $3.2B | +61% |
| Operating costs | $8.0B | $5.0B | $2.9B | +58% |
| Interest & other, net | $375M | −$100M | $475M | — |
| Income tax | $23.0M | $138M | −$115M | -83% |
| Cost of revenue | $3.5B | $2.3B | $1.2B | +53% |
| Research & development | $3.5B | $2.0B | $1.6B | +81% |
| SG&A | $912M | $606M | $306M | +50% |
Questions
How much did Space Exploration Technologies's revenue grow year over year in Q2 2026?
Space Exploration Technologies's revenue rose $3.7B (+92%) from $4.1B in Q2 2025 to $7.8B in Q2 2026.
What drove Space Exploration Technologies's revenue change in Q2 2026?
AI +$1.8B (+247%); Connectivity +$1.7B (+66%); Space +$216M (+29%).