SpaceX revenue surges 92% to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion

SpaceX's second-quarter revenue surged 92% to $7.8 billion, exceeding Wall Street estimates by nearly $1 billion. The company reported a reduced net loss of $541 million and tripled its adjusted EBITDA to $3.5 billion, while Starlink's subscriber base doubled year-over-year.