SpaceX Q2 results show $7.8 billion in revenue with positive EBITDA, underscoring cash generation from telecom and launch services.

SpaceX reported Q2 revenue of $7.8 billion and positive EBITDA. While internal projections had anticipated results as high as $8.6 billion, the actual revenue exceeded most analyst expectations by approximately $1 billion.

Following the earnings announcement, the company's stock initially rose but has since declined as the market digests the results. The pullback appears to reflect investor concerns regarding SpaceX's substantial capital expenditure of $15 billion.