SpaceX's First-Ever Earnings Report Faces Stock Volatility Amid Lockup Expirations and Capital Expenditure Concerns SpaceX (SPCX) is set to release its first-ever quarterly earnings report on Tuesday, following the bell, as the company transitions into its public market phase. The report comes amid significant stock volatility, with the company’s shares having declined nearly 30% since its $150 market debut last month and remaining down approximately 50% from its all-time high of $225.64. Investors are closely watching the earnings release, hoping it will provide a catalyst to reverse the stock’s recent downward trend. The stock has shown some resilience ahead of the report, closing higher on Monday and climbing further in the pre-market session. However, analysts caution that the earnings announcement alone may not be enough to offset lingering concerns. A major overhang remains in the form of the lockup expiration, which is scheduled for August 6. This event will free up to 20% of SpaceX’s shares for sale, roughly triple the current tradable float. The influx of additional supply is expected to keep pressure on the stock, according to Epistrophy Capital’s Cory Johnson, who highlighted the potential impact of the lockup expiration in a client note. For the second quarter, SpaceX is projected to report revenue of $6.81 billion, according to Bloomberg’s consensus estimate, marking a sequential increase from $4.7 billion in the first quarter. However, the company is anticipated to post an adjusted loss per share of $0.24, with adjusted EBITDA reaching $2.0 billion. Analysts emphasize that the key focus for investors will be SpaceX’s capital expenditures, which are expected to rise sharply from $48.7 billion in the current fiscal year to $118.4 billion in FY 2028.#spacex #tesla #elon_musk #starship #starbase
FAA Requires Mishap Investigation into Latest Starship Launch The Federal Aviation Administration has mandated that SpaceX conduct a formal investigation into its latest Starship test flight, which the agency classified as a mishap. The incident occurred during the May 22 Flight 12 mission from SpaceX’s Starbase facility in Texas. The FAA’s determination followed an assessment of the launch’s anomalies, which included significant failures in the Super Heavy booster’s performance. The agency’s classification of the event as a mishap triggers a requirement for SpaceX to submit a detailed report and corrective actions for FAA approval before resuming Starship flights. The Flight 12 launch aimed to test the upgraded version 3 of Starship, featuring enhancements to both the Super Heavy booster and the upper stage, including the introduction of Raptor 3 engines. SpaceX planned for the Super Heavy to perform a “boostback” maneuver after the upper stage separated, guiding it toward a controlled splashdown in the Gulf of Mexico. However, the booster encountered multiple engine failures shortly after initiating the boostback burn. The maneuver, intended to last about a minute, was aborted after less than 20 seconds. The faulty booster then plummeted into the Gulf at speeds exceeding 1,500 kilometers per hour, as confirmed by telemetry data streamed during the SpaceX webcast. The FAA noted that the incident triggered a debris response area, though no damage was reported. The anomaly also caused disruptions to air traffic, with several aircraft experiencing delays or airborne holding events due to the debris field.#spacex #federal_aviation_administration #starship #starbase #flight_12
