SpaceX's First Financial Report to Reveal Musk's AI Spending, Analysts Project Q2 Revenue of $6.93 Billion, Loss of $1.55 Billion
SpaceX is set to release its first earnings report since its record-breaking IPO after the market closes, with market attention focused on whether its Starlink profits can support the company's rapidly growing expenditures in AI and space businesses. Analysts estimate that SpaceX's total revenue for the second quarter (April-June) will be approximately $6.93 billion, with an EBIT loss of $1.55 billion. Of this, AI business revenue is expected to nearly triple to $2.33 billion, and Starlink revenue is estimated at $3.82 billion, with an operating profit of $1.42 billion. During the same period, capital expenditures for the AI division are expected to skyrocket by over six times to $10.2 billion, accounting for the majority of the company's total capital expenditures of nearly $14.05 billion. Since its $86 billion IPO in June, SpaceX's stock price has significantly pulled back, with investors questioning its high valuation (77 times expected revenue). Furthermore, SpaceX's post-IPO lock-up period will begin to expire on August 6, which could lead to stock sales by insiders and early investors.
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