SpaceX to Report Earnings After June IPO: Wall Street Expectations and Key Metrics
Space Exploration Technologies Corp. (SPCX) is set to report its first quarterly earnings after going public in June with the largest initial public offering (IPO) in history, raising $85.7 billion. The stock has since fallen more than 50% from its peak of $225.64 and now trades around $111. Wall Street expects revenue to reach approximately $6.82 billion with a non-GAAP loss per share of $0.23, though these estimates are considered rough due to uncertainty surrounding the company's financials. Analysts will be closely watching key metrics such as cash flow, particularly free cash flow (FCF), which was negative $9.1 billion in the previous quarter. The AI division is expected to remain a significant drain on resources despite recent partnerships with Anthropic and Google. Starlink remains crucial for SpaceX's financial health, while developments around its new rocket, Starship, will be pivotal for long-term growth.
Tickers: $SPCX
Topics: IPO performance SpaceX stock price movement Wall Street expectations