# @benzinga on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=LNW2KplvrGc - **Gondola URL:** https://gondola.cc/posts/68664225-benzinga-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/99ba1c454e.jpg - **Posted:** 2026-08-05T14:58:14.000+00:00 - **Account Owner:** Benzinga | News That Moves (@benzinga) โ€” https://gondola.cc/benzinga ## Caption SpaceX reported its first-ever quarterly earnings as a public company after Tuesday's closing bell delivering a blowout beat and the stock is still selling off Wednesday morning, down more than 11%. Q2 results: Revenue came in at $7.81 billion, up 92% year over year and well ahead of the $6.93 billion analyst estimate. Loss per share was just 9 cents, beating the expected 24-cent loss by a wide margin. On the earnings call, CEO Elon Musk made a bold case for Starlink's long-term potential: "People are really underestimating Starlink. This is a big deal." He said it is "not out of the question" that Starlink could eventually carry a majority of the world's internet traffic in markets where it is permitted to operate achievable in less than 10 years. President and COO Gwynne Shotwell said SpaceX's next-generation Starlink Mobile network could be 100 times better than the current service. The Pentagon angle: On July 29 six days before earnings the U.S. Space Force awarded SpaceX a $1.6 billion contract across 18 Falcon 9 missions through end of 2027. By comparison, SpaceX's entire Space segment (Falcon 9 and Starship) generated just $1.581 billion in revenue for the first half of 2026 meaning the single Pentagon deal is larger than six months of rocket revenue, while the division still posted a $542 million operating loss. Long-term targets: SpaceX is aiming for a $100 billion annualized revenue run rate by end of 2026 and $1 trillion in annual revenue by 2030 one year ahead of prior guidance. SPCX was trading around $112 at the time of recording. Image via Shutterstock - Kathy Hutchins. #SpaceXStock #SPCX #SpaceXEarnings ๐ŸŒ Find more market-moving insights at https://www.benzinga.com โ€” your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. ๐Ÿ–ฅ๏ธ Want the same tools the pros useโ€”without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. ๐Ÿ‘‰ https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ ๐Ÿ“ฒ Follow us on socials @benzinga ๐Ÿ”” Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ โš ๏ธ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. ## Stats - **Views:** 1,225 - **Likes:** 13 - **Shares:** 0 - **Comments:** 0 ## Tags spacexearnings, spacexstock, spcx --- Copyright (c) Gondola