$SPCX Q2 Earnings Crush Expectations Across the Board 🚀

SpaceX reported a massive Q2 beat, with revenue rising 92% YoY and EBITDA surging 191% YoY :
Revenue: $7.8B vs. $6.93B estimated
EPS: -$0.09 vs. -$0.26 estimated
EBITDA: $3.5B vs. $2.03B estimated
Net loss: -$541M vs. -$1.94B estimated
Segment revenue:
Space: $962M , up 29% YoY
Connectivity: $4.3B , up 66% YoY
AI: $2.6B , up 247% YoY
Starlink subscribers doubled to 12 million , while backlog reached $47.5B and cash and marketable securities totaled $100B .
The quarter also included a $25B senior notes offering , an agreement to acquire Cursor for $60B , $14.1B in contracted cloud-services sales and more than $6B in multi-year Starshield contracts with the US government.