SpaceX reports 92 percent revenue jump driven by artificial intelligence expansion

SpaceX reported a 92 percent year-over-year revenue increase to $7.8 billion for its second quarter, comfortably exceeding Wall Street projections of $6.9 billion. The space exploration and technology firm narrowed its net loss to $541 million, down from roughly $1 billion during the same period last year.

Growth was significantly propelled by the company's artificial intelligence division, where quarterly revenue tripled to $2.6 billion through data center computing power rentals. However, aggressive expansion came at a steep cost, with total quarterly capital investments reaching $18.4 billion, largely funneled into AI infrastructure.

Despite outperforming sales estimates, SpaceX shares fell approximately 6 percent in after-hours trading. Investors remained cautious while awaiting further executive commentary regarding the substantial capital expenditures.

Sources: Le Monde, Le Soir, Le Figaro, ORF, FAZ.