Leverage Shares flags SpaceX capex surge to $18.37 billion as investor concern despite earnings beat

• Leverage Shares analysis flagged SpaceX Q2 2026 revenue of $7.81 billion, up 92%, beating the $6.81 billion consensus estimate.
• Starlink drove results with $4.29 billion revenue, beating $3.83 billion; subscribers doubled to 12 million; ARPU slipped to $66 from $85.
• AI segment revenue hit $2.56 billion, up 247%, beating $2.18 billion; contracted AI cloud services totaled $14.1 billion.
• Capex jumped to $18.37 billion, weighed by $15.83 billion for AI infrastructure; losses persisted despite adjusted EBITDA of $3.5 billion.
• Shares fell about 8% to $116 in after-hours trading; focus shifted to cash burn, limited guidance, insider unlock of 911,500,000 shares on Aug. 6.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leverage Shares plc published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.