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SpaceX to Report Q2 Earnings Tomorrow, Aug. 4, With Wall Street Expecting $6.82 Billion Revenue and $0.23 Per Share Non-GAAP Loss
This will be SpaceX's first quarterly results report since its high-profile IPO on June 12. The company's shares are currently trading around $111, down over 50% from their peak of $225.64, with Wall Street holding a consensus "buy" rating and an average 12-month price target of $293. Analysts will also closely watch cash flow (free cash flow was negative $9.1 billion last quarter), the AI division's profitability, Starlink's average revenue per user (ARPU), and Starship's operational developments.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: MarketWatch analysis suggests SpaceX stock, despite being down nearly 50% from its high, is still not a bargain due to an upcoming wave of shares becoming available for sale.
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