
SpaceX faces US$1.9B earnings loss
- SpaceX is expected to report US$6.8 billion revenue and a US$1.9 billion Q2 loss.
- SPCX traded near US$119.71 after rising 4.6%, but remained over 50% below its US$225.64 high.
- Investors are watching Starship reuse, Starlink growth and AI computing plans for signs of future revenue.
SpaceX is expected to report US$6.8 billion revenue and a US$1.9 billion second-quarter loss.
The results will mark SpaceX’s first quarterly report since its June IPO, with shares over 50% below their peak.
Analysts expect Starlink growth to offset some losses from launch and artificial intelligence operations, according to estimates cited by Crypto.news.
Anthropic agreed to pay SpaceX US$1.25 billion monthly through May 2029 for computing capacity, according to Axios.
Bernstein maintained an Outperform rating and US$239 price target, citing Starship reuse as important to SpaceX’s long-term valuation.
SPCX traded near US$119.71 after gaining 4.6%, but remained below its US$135 June IPO price.
Starlink remains SpaceX’s consistently profitable segment, while AI infrastructure and Starship development require significant spending, according to Crypto.news.