SpaceX Reports Earnings as Stock Hits All-Time Low
SpaceX (SPCX) is set to release its first quarterly earnings report since going public, amid a significant decline in stock price. The company's shares have fallen nearly 30% from their initial offering and are down over 50% from the all-time high of $225.64. Investors hope for positive results or guidance that could reverse this trend. A major concern is an upcoming lockup expiration on August 6, which will allow insiders to sell up to 20% of shares, potentially increasing supply and further pressuring the stock price. Analysts expect Q2 revenue of $6.87 billion with a loss per share of $0.25 and adjusted EBITDA of $2.03 billion. Capital expenditures are expected to rise sharply from $48.7 billion in 2026 to over $118 billion by FY 2028, raising concerns about the return on such large investments.
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Topics: capital expenditures lockup expiration SpaceX stock performance