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SpaceX faces stock pressure ahead of first earnings as public company
The results come with investors also weighing a lockup expiry on Aug. 6 that could increase selling supply by up to 20% of shares.
SpaceX is set to report its highly anticipated second quarter results on Tuesday after the bell, the company’s first earnings report since it began trading as a public company. Ahead of the release, the stock has been volatile, falling nearly 30% from its $150 market debut last month and still down roughly 50% from its all-time high of $225.64, according to Yahoo Finance.
Investors are looking for a catalyst to revive the shares, but attention is also centered on the Aug. 6 lockup expiration. Yahoo Finance notes that the event is expected to free up hundreds of millions of insider shares, roughly triple the current tradable float, with up to 20% of shares potentially becoming available for sale.
On the quarter, Bloomberg consensus cited by Yahoo Finance calls for $6.81 billion in Q2 revenue, up sequentially from $4.7 billion in Q1. The same expectations point to an adjusted loss per share of $0.24 and adjusted EBITDA of $2.0 billion.
Spending and leverage are also key watch items, with Yahoo Finance highlighting S&P Global Visible Alpha analyst Melissa Otto’s view that capex could rise from $48.7 billion this year to $118.4 billion in FY 2028, while overall debt could grow more than 5x from $41.7 billion this year to over $218.0 billion in FY 2028. The article also flags Starlink and launch plans around Starship, including an attempt at the first-ever tower catch of an upper stage using Starbase’s Mechazilla arms.