*SpaceX Is No Longer Just a Rocket Company*
Elon Musk just revealed a huge shift in SpaceX's business.
He says ∼90% of SpaceX ($SPCXB $SPCXB #) revenue this year will come from commercial customers, while government revenue will fall to less than 5% in Q4.
The company once known for NASA and Pentagon launches is now transforming into a *connectivity platform*.
The reason? *Starlink.*
In Q2 2026, SpaceX reported $7.8 billion in revenue, up 92% year-over-year, and $4.3 billion of that came only from connectivity. Starlink has now crossed 12 million paid subscribers.
So the new breakdown is:
Earlier SpaceX = Rocket Launch Business
Now SpaceX = 55% Broadband + AI + 12% Rockets
Starlink has changed the mix so much that SpaceX really looks more like a global internet provider rather than a government launch business.
That's why SPCX is trading around $171.9 and investors are now treating it like a tech stock, not just a space stock.
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Elon Musk just revealed a huge shift in SpaceX's business.
He says ∼90% of SpaceX ($SPCXB $SPCXB #) revenue this year will come from commercial customers, while government revenue will fall to less than 5% in Q4.
The company once known for NASA and Pentagon launches is now transforming into a *connectivity platform*.
The reason? *Starlink.*
In Q2 2026, SpaceX reported $7.8 billion in revenue, up 92% year-over-year, and $4.3 billion of that came only from connectivity. Starlink has now crossed 12 million paid subscribers.
So the new breakdown is:
Earlier SpaceX = Rocket Launch Business
Now SpaceX = 55% Broadband + AI + 12% Rockets
Starlink has changed the mix so much that SpaceX really looks more like a global internet provider rather than a government launch business.
That's why SPCX is trading around $171.9 and investors are now treating it like a tech stock, not just a space stock.
#BinanceLaunchesBinanceIntelligence
#ETHUp70%InQ3ButLiquidityFalls #BinanceLaunchesBinanceIntelligence #EvernorthXRPTreasuryCompletesSPACMerger
