马斯克在财报电话会议上大胆预测，预计年底前营收将达到超过1000亿美元的年化运行率，并将2030年的营收目标定为1兆美元。然而，分析师对此持保留态度，认为这些目标过于乐观。SpaceX的星舰火箭虽在7月完成了一次基本成功的试飞，但仍未进入轨道，开发过程中也面临爆炸、故障和延误等挑战，累计耗资已超150亿美元。
SpaceX的星链卫星网际网路服务仍是公司唯一盈利的业务，第二季度用户数达1200万，略低于分析师预期。公司总裁乖恩·肖特韦尔表示计划透过地面基础设施直接与美国主要电信运营商竞争。在AI方面，SpaceX今年稍早与马斯克的xAI合并，并以600亿美元收购了AI编程新创公司Cursor，同时与Google和Anthropic签订了大型云端服务合约。
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)