SpaceX Unveils Its Inaugural Earnings Report as a Public Entity
Today signifies a landmark moment in the realms of aerospace and technology. SpaceX (NASDAQ: SPCX) is unveiling its inaugural quarterly earnings report as a publicly traded entity. The Q2 2026 results are set to be released after the market closes, with a live audio webcast earnings call slated for 4:30 p.m. ET. This provides Wall Street with its first comprehensive insight into the financials of one of the most closely monitored stocks of the year.
In what became the largest IPO in history, SpaceX raised $85.7 billion when it priced shares at $135 each on June 11, 2026. The stock soared to an intraday high of $225.64 shortly after its debut but has since plummeted by over 45%, trading significantly below its IPO price. The company reported a net loss of $4.9 billion in 2025 and a further $4.28 billion loss in Q1 2026 on $4.69 billion in revenue. As such, analysts are keenly observing for a substantial revenue improvement in Q2, with estimates projecting $6.88 billion.
Investors will be concentrating on three primary areas:
- Starlink subscriber growth (which stood at 10.3 million users across 164 countries as of March 31, 2026, up 105% year-over-year)
- AI capital expenditure
- Starship launch progress
Adding to the urgency of today’s report is the impending $116 billion insider lock-up expiration on August 6, when up to 911.5 million shares could be released into public circulation. Morgan Stanley maintains an “Overweight” rating with an ambitious $300 price target, wagering on long-term enterprise AI growth.
Source: TheStreet — What Wall Street Expects from SpaceX’s First Earnings Report