SpaceX tops revenue estimates in first quarterly report since IPO Proactive uses images sourced from ShutterstockSpaceX Corp (NASDAQ:SPCX) reported higher revenue and a narrower-than-expected loss in its first earnings report since the satellite, launch and AI company's initial public offering. Revenue of $7.8 billion topped analyst estimates of $6.93 billion, up 92% year over year from $4.1 billion. SpaceX said revenue growth across its Space, Connectivity and AI businesses demonstrated the impact of its vertical integration strategy. The Connectivity segment posted 66% revenue growth and 79% growth in income from operations, driven by a doubling of Starlink subscribers and continued momentum in its Enterprise and Government businesses. "Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements."