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Musk Likely to Face Tough Questions During SpaceX’s First Earnings Call as a Public Company
Investors will question Elon Musk on Starlink profits, AI spending and a lock-up that could release more than 911 million shares.
- On Tuesday, SpaceX reports its first-ever quarterly earnings as a public company, giving investors a detailed look at Elon Musk's rocket, satellite, and AI business after a volatile start to trading.
- SpaceX reported losses of about $4.3 billion in the first quarter after losing roughly $4.9 billion in 2025, as the company ramped up AI spending following its acquisition of Cursor.
- Capital expenditures reached $10.1 billion in the first quarter with $7.7 billion spent on AI, while investors focus on Starlink revenue streams and progress on the Starship rocket.
- A lockup on up to 911.5 million shares expires on Thursday, allowing insiders to sell stock and potentially increasing SpaceX's weight in the Nasdaq index.
- Analysts at Oppenheimer expect a "modest slowdown" in Starlink growth, though Timothy Horan, equity analyst at Oppenheimer, said results are secondary to reading management's outlook on the company's uncertain future.
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SCIENCE & TECH: Elon Musk’s SpaceX aims to shake off AI spending fears, stock slump in first-ever earnings report
Elon Musk’s SpaceX will report earnings for the first time since going public on Tuesday in an early test of whether the firm can overcome Wall Street’s fears about its massive spending on AI. SpaceX, which has lost more than $500 billion in market value since its debut in June, will announce its second-quarter results after the bell alongside chipmaker AMD. Tech stocks have been under pressure as investors fret over whether costly AI investment…
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Total News Sources67
Leaning Left10Leaning Right7Center24Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 24%
C 59%
R 17%
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