SpaceX drops earnings after market close on August 4, and Wall Street doesn't really care about the numbers. The company is expected to report a loss of roughly $0.23 per share on revenue around $6.82 billion. That's not the story. Investors are hunting for what management says about artificial intelligence, orbital data centers, and whether this rocket company can actually become a computing powerhouse.
The timing matters because the stock has already taken a beating. It launched at $135 in June, slid to $117 by earnings week, and at one point dropped 50% from its post-IPO peak. Bernstein, the research firm covering the name, was blunt about it: the quarterly results should not matter. What matters is confidence in AI strategy and orbital infrastructure plans. The firm kept its Outperform rating and $239 price target intact, betting that long-term value hinges on Starship reuse, semiconductor access, and sustained demand for AI compute.
Starlink, the satellite internet unit, will get scrutiny too. It's the cash cow throwing off recurring revenue through global service contracts. Analysts want specifics on subscriber growth and commercial expansion during the call.
Two days after earnings, on August 6, the first insider lockup expires. That's when early employees and investors can finally dump their shares. Historically, lockup expirations add selling pressure. Deutsche Bank thinks the stock could stabilize afterward, but the immediate risk is real. Roughly $20 billion in shares could theoretically hit the market, though not all at once.
This article is informational only and not financial advice. Do your own research before making investment decisions.
