SpaceX Cuts Crypto Exposure by $539M Amid Revenue Surge

SpaceX's crypto exposure decreased by $539 million in Q2-2026, with its digital asset treasury decreasing from $1.637 billion to $1.098 billion as of late June.

The company's overall revenue reached $7.8 billion for the quarter, beating analyst forecasts of $6.81 billion.

The Starlink satellite connectivity business drove growth, generating $4.291 billion in revenue and a 66% year-over-year increase.

SpaceX also reported strong results from its artificial intelligence segment, which generated $2.561 billion with a 247% year-over-year growth rate.