SpaceX revenue surges to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion

SpaceX reported 92% revenue growth to $7.8 billion in Q2, beating Wall Street estimates by nearly $1 billion in its first earnings report as a public company. Starlink doubled its subscribers to 12 million, and Musk accelerated the company's $1 trillion revenue target from 2031 to 2030, though shares still fell 7% after-hours amid concerns over massive capital spending.