SpaceX's First Earnings Report as a Public Company

SpaceX's First Earnings Report as a Public Company

SpaceX is preparing to release its first-ever quarterly earnings report since going public via IPO on June 12, 2026 — a closely watched event given the company's dramatic post-IPO stock performance. Since its debut, SpaceX has lost over $500 billion in market capitalization, yet Wall Street analysts remain broadly bullish on the company's long-term prospects, with Deutsche Bank maintaining a buy rating and a $255 price target — implying substantial upside from Friday's closing price of $108.37. CNBCCNBC

Investors are expecting second-quarter revenues of $6.9 billion, representing 68% year-over-year growth, and analysts project the company's overall revenue growth to run around 100% for both 2026 and 2027, potentially pushing 2027 revenue to $80 billion, up from $18.7 billion in 2025. The Motley FoolThe Motley Fool

Much of the analyst focus is on the progress of Starship, SpaceX's next-generation launch vehicle. Deutsche Bank's analysis pointed to progress made on Starship Flight 13, with anticipation building around the timing of upcoming launches, including an attempt at a second-stage "Ship" tower catch. A large government or sovereign AI-related deal would also likely be viewed positively for the stock. CNBC

Adding to the intrigue is the timing of SpaceX's IPO lockup period, set to expire on August 6 — just two days after the earnings report. A large number of shares held by early insiders will become eligible for sale, and some analysts expect this could trigger a wave of sell orders as these investors look to realize gains, potentially adding further downward pressure on the stock even if the earnings report itself is well received. The Motley Fool