SpaceX faces its first major test as a public company when it reports second-quarter earnings after the market closes on August 4.
Because SpaceX only recently went public, investors won’t have year-ago second-quarter results for comparison. Those figures will be released alongside this week’s earnings.
Morningstar analyst Nicolas Owens expects AI infrastructure to be a key focus, with large rental agreements from companies including Anthropic and Google compared against capex, which he expects to have doubled again.
Consensus estimates point to quarterly revenue of around $6.9 billion. However, profitability is expected to remain deeply negative.
Data from S3 Partners shows approximately $24.2 billion of short interest in SpaceX, representing 32.2% of its public float, making it one of the most heavily shorted stocks.
Investors will also be watching beyond the earnings release. On August 6, the first lockup expiration will allow up to 20% of insider-held shares to become eligible for sale, raising concerns that additional supply could keep pressure on the stock even if earnings impress.
Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
Join Now
