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SpaceX has scheduled its first quarterly earnings report as a public company for Aug. 4, giving investors their first detailed look at the company’s financial performance since its record IPO. The report also activates the first phase of SpaceX’s staggered lock-up agreement, allowing up to 911.5 million insider shares to become eligible for sale two trading days later. Investors are also watching the company’s next Starship test flight and the pace of Starlink’s growth for clues about its long-term outlook.
Details
- Earnings report: SpaceX will release its second-quarter 2026 results after market close on Aug. 4, followed by a management webcast discussing the company’s first quarterly performance as a publicly traded company.
- First share unlock: Up to 911.5 million insider and employee shares, representing 20% of eligible holdings, become eligible for sale on Aug. 6 under SpaceX’s staggered lock-up structure.
- Additional tranche: A further 10% of eligible shares can be released only if the stock closes at least 30% above its IPO price for five of the 10 trading days before earnings. That threshold has not been met.
- Stock performance: SpaceX shares remain well below their June peak despite rebounding after seven consecutive losing sessions. Short interest has climbed to roughly one-third of the company’s public float ahead of the earnings report and first insider share release.
- Starship launch: SpaceX is preparing another Starship test flight after a previous launch attempt was aborted because of an engine ignition issue. The company is also continuing Falcon 9 Starlink missions.
- Starlink outlook: Investors will closely watch Starlink subscriber growth and profitability, which remain central to SpaceX’s commercial business.
- Investment spending: Markets will also focus on Starship development costs, AI infrastructure spending and management’s outlook for revenue, capital expenditure and cash flow.
- Analyst view: Bank of America maintained a Buy rating and a $235 price target, saying investors should focus on SpaceX’s long-term growth opportunities beyond launch services, including orbital computing.
What to Watch
The Aug. 4 earnings report will provide Wall Street with its first detailed view of SpaceX’s financial performance since the IPO, with investors focusing on revenue growth, Starlink profitability, AI investment and cash flow guidance.
Attention will then shift to Aug. 6, when up to 911.5 million insider shares become eligible for sale under the company’s lock-up agreement. Investors will also be watching the next Starship test flight, a key milestone for SpaceX’s long-term launch and satellite strategy.
