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Get filing alertsSpaceX reports 92% revenue growth to $7.8B, announces $60B Cursor acquisition
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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SpaceX agreed to acquire Cursor, an advanced AI coding tool, for $60 billion to accelerate AI enterprise offerings; expects to close in Q3 2026.
Exhibit 99.1 view on EDGAR → -
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Q2 2026 revenues reached $7.8 billion, up 92% year-over-year from $4.1 billion, driven by growth across Space, Connectivity, and AI segments.
Exhibit 99.1 view on EDGAR → -
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Closed Cloud Services Agreements totaling $14.1 billion in contracted sales, generating $1.6 billion in incremental AI infrastructure revenues in Q2.
Exhibit 99.1 view on EDGAR → -
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Awarded over $6 billion in multi-year U.S. government contracts for Starshield secure satellite network, primarily from two major Space Force awards.
Exhibit 99.1 view on EDGAR → -
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Net loss narrowed to $541 million from $1.0 billion year-over-year; Adjusted EBITDA reached $3.5 billion, up 191% from $1.2 billion.
Exhibit 99.1 view on EDGAR →
Summary
SpaceX reported strong Q2 2026 results with revenues of $7.8 billion, up 92% year-over-year, and announced a transformative $60 billion acquisition of Cursor to bolster its AI enterprise capabilities. The company's net loss narrowed significantly to $541 million from $1.0 billion in the prior year quarter, while Adjusted EBITDA surged 191% to $3.5 billion, demonstrating improving operating leverage across its Space, Connectivity, and AI segments. The quarter featured major strategic developments: $14.1 billion in new Cloud Services Agreements that generated $1.6 billion in Q2 AI infrastructure revenues, and over $6 billion in multi-year Starshield government contracts from the Space Force.
These wins underscore SpaceX's expanding footprint in both commercial AI infrastructure and national security applications. The company also completed its IPO in June, raising $85.7 billion in net proceeds, and closed a $25 billion inaugural bond issuance with a 5.855% weighted average rate across five tranches maturing 2031-2056, providing substantial capital for growth initiatives and the pending Cursor acquisition.
Section-by-Section Diff
Event · Exhibit 99.1
SpaceX reports Q2 2026 results: 92% revenue growth to $7.8B, $541M net loss (improved from $1.0B), $60B Cursor acquisition, $14.1B AI contracts.
Added in current filing · view on EDGAR →
Revenues of $7.8 billion, up 92% from $4.1 billion • Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion • Adjusted EBITDA of $3.5 billion, up 191% from $1.2 billion
SpaceX reported Q2 2026 revenues of $7.8 billion, up 92% year-over-year from $4.1 billion, driven by growth across all three segments (Space, Connectivity, AI). Net loss narrowed to $541 million from $1.0 billion in the prior year quarter, an improvement of $467 million. Adjusted EBITDA reached $3.5 billion, up 191% from $1.2 billion, reflecting strong operating leverage and margin expansion.
Added in current filing · view on EDGAR →
On June 15, 2026, SpaceX announced the closing of our historic initial public offering of an aggregate 638,888,888 shares of Class A common stock, bringing net proceeds of approximately $85.7 billion. The shares of Class A common stock began trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12, 2026, under the ticker symbol “SPCX.” On June 26, 2026, SpaceX closed a $25 billion inaugural bond issuance of investment-grade senior notes, strengthening the balance sheet and funding long-term growth initiatives. The notes have five tranches maturing on July 15, 2031, July 15, 2033, July 15, 2036, July 15, 2046, and July 15, 2056, with annual interest rates between 5.35% and 6.65% with a weighted average interest rate of 5.855%.
SpaceX completed its IPO on June 15, 2026, issuing 638,888,888 Class A shares for net proceeds of approximately $85.7 billion, with trading commencing June 12 under ticker SPCX. On June 26, 2026, the company closed a $25 billion inaugural bond issuance of investment-grade senior notes across five tranches maturing 2031-2056, with interest rates between 5.35% and 6.65% and a weighted average rate of 5.855%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify