The AI Daily Brief · Wednesday, August 5, 2026
SpaceX released its first earnings report as a public company, showing significant growth. Top-line revenue reached $7.8 billion for the quarter, a 92% increase year-over-year, with Starlink contributing $4.2 billion. The AI division generated $2.6 billion, tripling from the previous year, and the company projects a $100 billion run rate by year-end.
“Top line revenue grew to $7.8 billion for the quarter, up 92% from this time last year.”
“Of that, $4.2 billion came from Starlink with satellite internet subscribers doubling to 12 million over the past year to produce 66% revenue growth.”
“The AI side of the business brought in $2.6 billion across both Gox subscriptions and data center rentals.”
“Elon Musk added, the $100 billion R R in December is not a question mark.”