馬斯克在財報電話會議上大膽預測，預計年底前營收將達到超過1000億美元的年化運行率，並將2030年的營收目標定為1兆美元。然而，分析師對此持保留態度，認為這些目標過於樂觀。SpaceX的星艦火箭雖在7月完成了一次基本成功的試飛，但仍未進入軌道，開發過程中也面臨爆炸、故障和延誤等挑戰，累計耗資已超150億美元。
SpaceX的星鏈衛星網際網路服務仍是公司唯一盈利的業務，第二季度用戶數達1200萬，略低於分析師預期。公司總裁乖恩·肖特韋爾表示計劃透過地面基礎設施直接與美國主要電信運營商競爭。在AI方面，SpaceX今年稍早與馬斯克的xAI合併，並以600億美元收購了AI編程新創公司Cursor，同時與Google和Anthropic簽訂了大型雲端服務合約。
SpaceX shares tumbled over 13% after the Elon Musk-led company revealed far higher-than-expected capital expenditures on its artificial intelligence business in its first-ever earnings report following a record IPO in June. Capital expenditures surged to $28.5 billion in the first half of the year—more than quadruple the prior year—with the vast majority directed toward AI. Despite total quarterly revenue of $7.81 billion beating Wall Street estimates, the massive spending unnerved investors.
Musk made bold projections during the earnings call, forecasting a $100 billion annualized revenue run rate by year-end and a $1 trillion revenue target by 2030. Analysts remain skeptical, noting these targets far exceed consensus estimates. Meanwhile, SpaceX's Starship mega rocket completed a largely successful test flight in July but has yet to reach orbit, and its development—costing over $15 billion—has been plagued by explosions, malfunctions, and delays throughout its testing program.
Starlink, SpaceX's satellite internet service and only profitable division, reached 12 million subscribers by the second quarter, slightly missing analyst expectations. President Gwynne Shotwell outlined plans to compete directly with major US telecom carriers by adding ground-based infrastructure. On the AI front, SpaceX merged with Musk's xAI earlier this year, agreed to acquire coding startup Cursor for $60 billion, and secured major cloud-services contracts with Google and Anthropic, while disclosing $6.7 billion in additional contracted cloud revenue for the third quarter. (Key numbers: 1200, 600)