SpaceX (SPCX) had a historic IPO (Initial Public Offering) in June of this year. The IPO turned founder Elon Musk into the world’s first trillionaire. The upswing, however, did not last. SPCX closed 3.4% lower on Friday, at $108.37. SPCX’s price has fallen by about 30% from its $150 market debut. The stock is also down by roughly 50% from its all-time high of $225.64. Let’s discuss what’s next for SpaceX after this week’s earnings report.
SpaceX Earnings Report Due Tomorrow: What To Expect?
SpaceX reported $4.7 billion in revenue in its first quarter earnings report this year. Wall Street analysts anticipate earnings of $6.82 billion in Q2. Investors will look closely at how well the company performs compared to analysts’ expectations. Experts anticipate strong revenue from SpaceX’s AI computation. Low revenue could lead to a stock price correction.
One of SpaceX’s flagship products is its Starlink satellite internet service. Strong revenue from Starlink could elevate investor sentiment. One should note that the average revenue per user (ARPU) for SpaceX’s Starlink fell from around $99 a month in 2023 to about $66 a month in Q1 2026. SpaceX has said that average revenue per user may continue to dip in the next few years due to lower prices in regions outside North America.
SpaceX may also provide a financial guidance with its Q2 earnings report, something the company has never done before. A financial guidance may highlight the direction the company intends to take and how much revenue it expects.
Also Read: Can SpaceX Stock Be Shorted? Elon Musk Warns Bears Face a Massive Squeeze Risk
SpaceX’s stock price, however, could take a hit in the coming days. The company will see a stock lockup expiration on Aug. 6, one of many this year. A stock lockup expiration may bring more stocks to the market, which may add selling pressure. Investors could sell some of their stock on Aug 6.
