Investors await SpaceX’s first public earnings report as shares hit record lows ahead of a major lockup expiration.
SpaceX will release its first quarterly earnings as a public company Tuesday, with shares down nearly 50% from their peak of $225.64. The stock fell to a new low Monday, extending a 30% decline since its $150 debut last month, as investors seek a catalyst for recovery.
Analysts expect Q2 revenue of $6.87 billion, up from $4.7 billion in Q1, with an adjusted loss per share of $0.25 and EBITDA of $2.03 billion. However, concerns center on rising capital expenditures, projected to surge from $48.7 billion this year to $118.4 billion by 2028, alongside growing debt levels.
A lockup expiration on August 6 will unlock hundreds of millions of insider shares, tripling the current float and adding supply pressure. The overhang has heightened investor caution ahead of the report.