SpaceX set to release its first earnings report as a public company. Here's what to look for.

Key Points:

• SpaceX will release its first earnings report as a public company on Tuesday after its historic IPO in June, with shares currently trading about 19% below the offer price and 51% below their intraday high.
• Investors will focus on revenue growth, particularly from the Starlink satellite broadband network, which is expected to generate $6.9 billion in Q2 revenue, helping offset losses in space exploration and AI segments.
• The performance of SpaceX's AI business, including revenue of $818 million in early 2026 and developments with its AI chatbot Grok and the Cursor coding startup, will be closely watched to assess its potential as a major revenue source.
• Market sentiment and the stock's short-term momentum will depend heavily on Elon Musk's tone and guidance during the earnings call, with investors seeking near-term targets to justify the company's $1.4 trillion valuation.
• The upcoming expiration of a lockup period releasing over 911 million shares could impact stock volatility, with short sellers having already profited significantly but some expected to become buyers, potentially stabilizing the share price.