SpaceX earnings latest: Stock hits record low as investors await Q2 AI spending results
Elon Musk’s SpaceX is gearing up for another milestone—its first-ever earnings report, which it is scheduled to deliver tomorrow, Tuesday, August 4, after the closing bell. Analysts and investors are highly anticipating the space and AI company’s second-quarter 2026 earnings results. They come less than two months after SpaceX’s much-hyped initial public offering (IPO) on June 12, which has so…
SpaceX, the company founded by Elon Musk, is set to release its first earnings report, following its high-profile initial public offering (IPO) on June 12. The report, scheduled for Tuesday, August 4, is eagerly awaited by analysts and investors who are keen to see the company's Q2 2026 performance. Since its IPO, SpaceX's stock has lost more than $500 billion in market cap and is down over 50% from its all-time high.
As of Monday afternoon, the stock was trading at $109.80, below both its first-trade price of $160.95 and the listing price of $135 per share. The plummeting stock price is not unprecedented for SpaceX, as it joins a list of other tech companies that have underperformed since going public, notably Facebook, which saw its shares drop by 54% following its IPO in May 2012.
SpaceX's recent losses are attributed to substantial annual spending on AI infrastructure and rocket programs, totaling $40 billion, coupled with a $4.94 billion GAAP net loss for 2025 and a $4.28 billion loss in the first quarter of 2026. Investors are also cautious about the potential stock release post-lockup periods and SpaceX's competitive edge in the rocket industry, given China's recent accomplishment of a controlled rocket booster recovery.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.