SpaceX doubles revenue on Anthropic and Google compute deals, Starlink growth
SpaceX doubles revenue on Anthropic and Google compute deals, Starlink growth
SpaceX 凭借与 Anthropic 和 Google 的计算交易及 Starlink 的增长，营收翻倍
SpaceX doubled its revenue compared to last year, in large part thanks to the growth of its Starlink satellite internet service and deals it struck to rent out computing power to Anthropic and Google, the company revealed in its first quarterly earnings since going public. Total sales grew from $4 billion in the second quarter of 2025 to $7.8 billion in Q2 2026, a jump of 92%. Nearly $2 billion of that growth came from its AI division, while Starlink revenue also grew by $1.7 billion. The company still lost $541 million in the quarter, but that was down from $1 billion in the second quarter last year.
SpaceX 在其上市后的首份季度财报中披露，公司营收较去年翻了一番，这在很大程度上归功于其 Starlink 卫星互联网服务的增长，以及与 Anthropic 和 Google 达成的计算能力租赁协议。总销售额从 2025 年第二季度的 40 亿美元增长到 2026 年第二季度的 78 亿美元，增幅达 92%。其中近 20 亿美元的增长来自其人工智能部门，而 Starlink 的营收也增长了 17 亿美元。尽管该公司本季度仍亏损 5.41 亿美元，但较去年第二季度的 10 亿美元亏损有所收窄。
SpaceX chief financial officer Bret Johnsen said on Tuesday that SpaceX has an additional $6.7 billion of cloud services revenue under contract “over a six month period that begins ramping starting in October of this year.” He also said he believes that, once it fully integrates AI startup Cursor, that it will reach a $100 billion annualized revenue run-rate [ARR] by the end of this year. (The company reported $18.67 billion in revenue in 2025.) CEO Elon Musk went even farther, saying: “the $100 billion ARR in December is not a question mark. That’s what we would achieve if we basically did nothing. So I think it may be higher than that. It probably will be higher than that.”
SpaceX 首席财务官 Bret Johnsen 周二表示，SpaceX 还有 67 亿美元的云服务营收合同，“将在今年 10 月开始的六个月内逐步增加”。他还表示，他相信一旦完全整合 AI 初创公司 Cursor，公司将在今年年底达到 1000 亿美元的年度经常性收入（ARR）。（该公司 2025 年报告的营收为 186.7 亿美元。）首席执行官埃隆·马斯克（Elon Musk）则更进一步，他表示：“12 月份实现 1000 亿美元的 ARR 毫无悬念。即使我们什么都不做也能达到这个目标。所以我认为实际数字可能会更高，很可能会更高。”
After a successful post-IPO bond sale, the company now has a $100 billion war chest. And it’s not slowing its spending. It reported more than $28 billion in capital expenditures through the first half of this year, up from just $7 billion through the first six months of 2025. SpaceX’s first quarterly earnings report was released nearly two months after the company pulled off the largest IPO in history. SpaceX raised more than $85 billion and went public at a valuation of $1.75 trillion.
在成功完成 IPO 后的债券发行后，该公司目前拥有 1000 亿美元的资金储备。而且它并没有放缓支出。报告显示，今年上半年其资本支出超过 280 亿美元，而 2025 年前六个月仅为 70 亿美元。SpaceX 的首份季度财报是在该公司完成史上最大规模 IPO 近两个月后发布的。SpaceX 筹集了超过 850 亿美元资金，上市时估值为 1.75 万亿美元。
The company’s market cap rocketed up in the first few days of trading, briefly passing Amazon and nearly equaling Microsoft. But it has suffered since then, plunging below the IPO price of $135 per share reportedly set by CEO Elon Musk himself. The shares closed at just over $125 on Tuesday, but sank as much as 8% in after-hours trading.
该公司市值在上市后的头几天里飙升，一度超过亚马逊，并几乎与微软持平。但此后表现不佳，股价跌破了据称由首席执行官埃隆·马斯克亲自设定的 135 美元 IPO 发行价。周二收盘时股价略高于 125 美元，但在盘后交易中一度下跌多达 8%。
Both of those compute deals were announced in the weeks before SpaceX’s IPO, and they represented a major pivot for the company. SpaceX’s AI division, which used to be Musk’s own startup xAI before it was absorbed into the rocket company, has been trying — but failing — to catch up to the leading labs like OpenAI and Anthropic and win over customers. These struggles were happening at the same time that xAI was creating repeated scandals, like when its Grok chatbot started calling itself “MechaHitler,” or how the tech was generating child sexual abuse material.
这两项计算交易均在 SpaceX IPO 前几周宣布，代表了公司的一次重大转型。SpaceX 的人工智能部门（在被这家火箭公司吸收前曾是马斯克自己的初创公司 xAI）一直试图追赶 OpenAI 和 Anthropic 等领先实验室并争取客户，但收效甚微。这些困境发生的同时，xAI 也频频陷入丑闻，例如其 Grok 聊天机器人自称为“机械希特勒”（MechaHitler），以及该技术被曝生成儿童性虐待内容。
The company had already built out two data centers in and near Memphis, Tennessee to train xAI’s models, so it instead pivoted much of that capacity to be rented out to customers like Anthropic and Google. “The incremental revenue from new hosting deals generated high incremental EBITDA margins as we monetized available compute capacity,” Johnsen said on a conference call Tuesday.
该公司此前已在田纳西州孟菲斯及其周边地区建立了两个数据中心用于训练 xAI 模型，因此它转而将大部分计算能力出租给 Anthropic 和 Google 等客户。“随着我们将现有的计算能力货币化，来自新托管协议的增量收入产生了很高的增量 EBITDA 利润率，”Johnsen 在周二的电话会议上说道。