SpaceX Cuts Crypto Exposure by $539M While First Earnings Report Beats Expectations

TL;DR:

• SpaceX’s digital asset treasury decreased from $1.637 billion in December to $1.098 billion at the end of the second quarter.
• The company’s overall revenue reached $7.8 billion for the quarter, beating analyst forecasts of $6.81 billion.
• The Starlink connectivity unit generated $4.291 billion in revenue, representing a 66% year-over-year increase.

Space Exploration Technologies Corp. reported that the valuation of its digital assets decreased significantly during Q2-2026. Financial statements confirm that exposure to cryptocurrencies stood at $1.098 billion as of late June, reflecting a downward adjustment on the firm’s corporate balance sheet.

We posted our second quarter 2026 financial and operational results → https://t.co/DOfDhFnAZ5

Q2 highlights:
– Demonstrated the power of extreme vertical integration, delivering revenue growth of 92% year-over-year across Space, Connectivity, and AI
– Completed two successful… pic.twitter.com/9lWxKvtbct

- SpaceX (@SpaceX) August 4, 2026

The company’s overall operating performance surpassed financial market forecasts. According to official corporate documentation, total revenue reached $7.8 billion for the period, compared to previous Wall Street estimates of around $6.81 billion.

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