SpaceX Surges Despite Losses | Wilmington News

Wilmington News Today | 2 Min News | The Daily News Now! · Aug 5, 2026 · 1m

SpaceX just dropped its first quarterly report as a public company, revealing a $541 million loss—way below Wall Street’s expectations—while revenue soared to $7.8 billion, up 90% year-over-year. Starlink led the charge, doubling subscribers to 12 million and boosting revenue 66%, with Elon Musk hinting it could power most of the world’s internet. Yet investors remain jittery: the stock dipped after an initial spike, fueled by concerns over Musk’s hype around space travel and Grok, plus a flood of insider shares hitting the market. SpaceX’s $18 billion in R&D and infrastructure spending—up…