SpaceX revenue doubles year‑over‑year on Anthropic, Google compute contracts and Starlink growth

SpaceX reported a 100 % increase in revenue for the first quarter of 2024, doubling the figure posted in the same period last year. The privately‑held company, which went public in June 2023, released its earnings after a brief pause following its IPO. The quarterly report shows revenue of $X billion compared to $X billion in Q1 2023, driven largely by higher launch volumes and new commercial contracts.

The company’s financial statement highlights continued growth in satellite deployment and cargo services to the International Space Station, as well as the expansion of its Starlink broadband network. Analysts note that the jump in revenue reflects both an uptick in launch demand and the scaling of the company’s commercial satellite operations. SpaceX’s board confirmed that the company remains focused on expanding its launch cadence and satellite constellation while maintaining its long‑term development goals for interplanetary missions.