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 results as a public company Tuesday, with shares down nearly 50% from their $225.64 peak. The stock has fallen 30% since its $150 market debut last month and hit a new all-time low Monday, pressuring investors for a turnaround catalyst.
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. Capital expenditures are projected to rise sharply, from $48.7 billion this year to $118.4 billion by FY 2028, while debt levels remain a concern.
A lockup expiration on August 6 will unlock hundreds of millions of insider shares, tripling the current float and adding potential selling pressure. The report’s spending outlook and insider activity will be key focus areas for investors.