SpaceX Financial Reports Reverse Trend; SPCX 52% Stock Price Drop Still to Be Verified
2026-08-04 01:57:34
According to CoinMeta, SpaceX's stock is attempting to stabilize around $110 before the release of its financial report following its initial IPO, but the unlocking of 100 billion dollars in shares may limit any recovery. SpaceX will release its second-quarter earnings after the U.S. market closes on August 4th, with revenue expected to be around $6.88 billion, and analysts predict a loss of $0.23 per share. The company is facing pressure from three main businesses: Starlink, rocket launches, and artificial intelligence. Analysts warn that the first financial report may have "extreme expectations bias," reflecting the potential gap between Wall Street's predictions and SpaceX's actual performance. SpaceX recently secured a contract worth $1.6 billion from the U.S. Department of Defense, covering 18 Falcon launches, which increases the visibility of its government-related revenue.
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Source:Cryptonews
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