SpaceX’s tracking stock SPCX reported a mixed Q2 2026 with 18% revenue growth to $12.4B and an EBITDA miss, as CEO Musk highlighted Starship milestones and a second-half launch ramp-up.
SPCX released its first quarterly financials showing revenue growth driven by Starlink, but profitability fell short on higher Starship R&D costs. Elon Musk’s optimistic comments on the Starship timeline and a second-half launch cadence lift offset initial negative reaction, leading to mixed short-term sentiment.
SPCX dipped as much as 4% in after-hours trading immediately after the mixed results but recovered on Musk’s positive outlook regarding Starship commercial launches and Starlink subscriber momentum.
Improved sentiment on commercial space milestones could lift space-themed ETFs such as ARKX, which hold SPCX, though broader market conditions remain a risk.
SPCX, the tracking stock for SpaceX, posted its first public quarter results. Revenue rose 18% to $12.4B on Starlink subscriber growth, but adjusted EBITDA trailed consensus on higher R&D. Elon Musk projected commercial Starship flights by late 2026, helping shares pare an initial 4% after-hours drop.
SPCX is a publicly traded tracking stock designed to give investors exposure to SpaceX’s financial performance, as SpaceX itself remains private.
SpaceX reported its second-quarter 2026 results on August 4, 2026, via a live blog on Bloomberg.
Musk highlighted progress on the Starship program, projecting commercial launches by late 2026, and discussed Starlink subscription growth and potential for further public offerings.