{
  "id": 171153,
  "title": "SpaceX is falling after posting first earnings report since IPO. What the biggest Wall Street firms are saying",
  "url": "https://urgent.news/2026/08/05/spacex-is-falling-after-posting-first-earnings-report-since-ipo-what",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T11:08:59.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/08/05/spacex-is-falling-after-posting-first-earnings-report-since-ipo-what-wall-street-firms-are-saying.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "SpaceX posted a loss of 9 cents per share for the second quarter, beating the expected 26 cents per share loss. The company's revenue growth was better than expected, and its losses narrowed to nearly half the level of a year ago.\n\nFollowing the release of its first-ever earnings report as a publicly listed company, SpaceX's shares slid more than 5%. According to Fortune, during the conference call, CEO Elon Musk offered a positive outlook, stating that the company's internal target for hitting $1 trillion in annual revenue had moved forward to 2030, and that there was a \"non-zero chance\" it could hit the mark in 2029.\n\nMusk also expressed confidence in the growth of SpaceX's Starlink business, which provides internet connectivity from satellites. He told analysts that people were underestimating Starlink and that it was not out of the question that it would deliver a majority of the world's internet in countries where it is allowed to operate.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Elon Musk delivers ‘totally nuts’ plans for moon robots and insists $1 trillion revenue target will hit but capex tanks SpaceX on debut earnings",
        "url": "https://urgent.news/2026/08/05/elon-musk-delivers-totally-nuts-plans-for-moon-robots-and-insists-1",
        "published": "2026-08-05T00:50:11.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "SpaceX bolsters the case against quarterly earnings",
        "url": "https://urgent.news/2026/08/05/spacex-bolsters-the-case-against-quarterly-earnings",
        "published": "2026-08-05T04:00:30.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "SpaceX extends decline to 11% on lockup expiration and capex spending fears",
        "url": "https://urgent.news/2026/08/05/spacex-extends-decline-to-11-on-lockup-expiration-and-capex-spending",
        "published": "2026-08-05T12:12:08.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "SpaceX moon crash is a perfect metaphor for rocket maker’s share price, analysts say",
        "url": "https://urgent.news/2026/08/05/spacex-moon-crash-is-a-perfect-metaphor-for-rocket-makers-share-price",
        "published": "2026-08-05T15:35:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}