SpaceX Financial Report Test AI Ambitious, Stock Price Rebounds
2026-08-05 04:19:24
According to CoinMeta, the stock price of SpaceX rebounded for the first time since June IPO before the company's quarterly financial report was released. Despite anticipating a loss of $1.9 billion, investors still hold hope for its AI infrastructure plans and Starlink growth. Analysts expect SpaceX to report revenue of about $6.8 billion and a net loss close to $1.9 billion. The growth from Starlink is expected to partially offset losses from the launch and artificial intelligence businesses. SpaceX is developing plans to deploy data centers based in space and has signed an agreement with Anthropic, which will pay $1.25 billion per month for computing power, although initial payments may be lower. Bernstein maintains a "outperform the market" rating for SpaceX with a target price of $239, believing that rapid Starship reuse is a key factor supporting its long-term valuation.
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Source:Cryptonews
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