TLDRSPCX surged 9.43% before falling 5.45% after hours as spending concerns grew.SpaceX Q2 revenue jumped 92% to $7.81 billion and topped key market estimates.Starlink generated $4.29 billion and remained SpaceX’s main quarterly profit engine.AI revenue reached $2.56 billion, but the segment lost $1.26 billion overall.SpaceX invested $18.37 billion in AI, Starship and wider Starlink expansion.Space Exploration Technologies (SPCX) stock jumped 9.43% to $125.33 after second-quarter revenue exceeded forecasts and nearly doubled from the previous year. However, the stock fell 5.45% after hours to $118.50 as capital spending reached a sharply higher quarterly level. The first public earnings report showed strong Starlink and AI sales, while heavy investment kept SpaceX in a net loss.Space Exploration Technologies Corp., SPCXStarlink Powers SpaceX Revenue GrowthSpaceX reported quarterly revenue of $7.81 billion, above the $6.93 billion consensus estimate compiled by analysts at LSEG. Revenue increased 92% from $4.1 billion a year earlier, supported by connectivity, launch services, and expanding AI operations. Meanwhile, the company recorded a $541 million shareholder net loss for the three months ending June 30, 2026.The connectivity segment generated $4.29 billion, exceeding StreetAccount’s $3.83 billion estimate and leading the company’s three operating divisions. Starlink also produced $1.66 billion in operating income, making connectivity the company’s only profitable business segment during the quarter. Demand grew across consumer, enterprise, aviation, maritime, military, and government services as SpaceX expanded coverage across additional international markets.Lower-priced international plans reduced average revenue per user as Starlink entered more overseas markets with affordable service packages. SpaceX continued launching satellites, increasing network capacity, and developing direct-to-device mobile services for wider coverage and stronger customer access. Those projects strengthened the network’s reach, but higher deployment costs placed added pressure on short-term margins and overall profitability.AI and Starship Spending Weighs on EarningsSpaceX invested $18.37 billion in AI infrastructure, Starship development, and expansion of the Starlink satellite network during the quarter. The AI segment generated $2.56 billion, above StreetAccount’s $2.18 billion forecast, following data center and computing capacity expansion. However, the unit recorded a $1.26 billion operating loss as computing, software, staffing, and model development costs increased sharply.The space segment produced $962 million, beating the $835 million estimate, but posted a $542 million operating loss. Falcon launch activity remained strong, while SpaceX assigned more missions to internal Starlink satellite deployments instead of outside customer payloads. Meanwhile, Starship remained outside commercial service and continued absorbing substantial testing, manufacturing, engineering, and development costs across its program.SpaceX plans to use Starship for larger Starlink satellites and future orbital computing infrastructure once commercial operations begin. The company also partnered with Nvidia to supply chips for its Starmind AI1 orbital compute satellite program under development. Separately, the post-IPO lock-up period begins expiring Thursday, potentially increasing available shares after June’s record public market debut. The post SpaceX (SPCX) Stock: Surges 9% as Starlink Drives 92% Q2 Revenue Growth appeared first on Blockonomi.