SpaceX set to release first earnings report after IPO, and the numbers could get ugly

SpaceX is about to do something it has never done before: open its books for public scrutiny. The company’s first-ever quarterly earnings report as a publicly traded entity is scheduled for August 4, 2026, covering Q2 results. SpaceX stock is currently trading between $108 and $114, roughly 20% below its IPO price of $135 per share. From record IPO to record doubts SpaceX raised $85.7 billion when it went public in June 2026, making it the largest initial public offering in history. The stock initially surged above $225 at its peak before declining more than 50% from that high. Approximately 32% of SpaceX’s float is currently shorted. Starlink is the story, but losses are the headline In 2025, Starlink generated $11.4 billion in revenue, accounting for more than 60% of SpaceX’s total $18.7 billion top line. As of March 31, 2026, the service had 10.3 million subscribers globally. SpaceX reported a net loss of $4.9 billion for the full year 2025, followed by an additional $4.28 billion loss in Q1 2026 alone. Capital expenditures are the primary culprit, driven by the Starship program and strategic investments in artificial intelligence capabilities. What investors should actually wat...