SpaceX doubles revenues on Anthropic and Google compute deals, Starlink growth
1:36 PM PDT · August 4, 2026
SpaceX doubled its revenue compared to last year, in large part thanks to the growth of its Starlink satellite internet service and deals it struck to rent out computing power to Anthropic and Google, the company revealed in its first quarterly earnings since going public.
Total sales grew from $4 billion in the second quarter of 2025 to $7.8 billion in Q2 2026, a jump of 92%. Nearly $2 billion of that growth came from its AI division, while Starlink revenue also grew by $1.7 billion.
SpaceX’s first quarterly earnings report was released nearly two months after the company pulled off the largest IPO in history. SpaceX raised more than $85 billion and went public at a valuation of $1.75 trillion.
The company’s market cap rocketed up in the first few days of trading, briefly passingAmazon and nearly equaling Microsoft. But...
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