SpaceX investors await first earnings after turbulent IPO
Wall Street expects SpaceX to post a Q2 loss of $0.24 per share on $6.8 billion in revenue, though analysts say estimates remain highly uncertain.
SpaceX will release its first earnings report as a public company today following market close, offering investors an early test of whether Elon Musk’s space, satellite and artificial intelligence company can justify its lofty valuation after shares tumbled below their IPO price.
Analysts expect the company to report a second-quarter loss of 24 cents per share on $6.8 billion in revenue, but estimates remain volatile because of limited financial disclosure.
Investors are expected to look beyond quarterly numbers and instead focus on management’s commentary around AI, Starlink, launch services and future spending, with capital expenditures projected to reach $18.5 billion during the quarter.
The report arrives just before the expiration of the company’s first IPO lockup, releasing more than 911 million shares worth over $100 billion into the market and marking the beginning of several large unlocks through year-end.