But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered, Mars-colonizing future, putting investors on edge and sending SpaceX shares down in late trading. The newly public satellite, space and AI behemoth brought in $7.8 billion in revenue in the April-June quarter, which SpaceX said was up 92% from the same period in 2025. The results were well above the consensus analyst forecast of $6.8 billion in revenue and a net loss of $1.9 billion. SpaceX shares tumbled more than 8% in late trading, partly because of the eye-popping figures the company spent on its unprofitable AI segment. That was much higher than the $13 billion analysts had forecast.