SpaceX to Report Earnings for First Time Post-IPO
Space Exploration Technologies Corp (NASDAQ:SPCX) is set to report its first quarterly earnings since going public in June, marking a significant milestone following what was the largest IPO in history. The company raised $85.7 billion during its offering and saw shares surge initially before retreating more than 50% from their peak. Wall Street expects revenue of around $6.82 billion with a non-GAAP loss per share of $0.23, though analysts acknowledge the estimates are uncertain. Investors should pay close attention to key financial metrics such as cash flow and performance in SpaceX's AI division, which has been heavily investing without significant returns so far but recently secured major deals that could change this dynamic. The Starlink segment remains crucial for revenue generation, while developments around the new Starship rocket will be pivotal for long-term growth plans. The current Wall Street consensus is bullish on SPCX with an average 12-month price target of $293.