NEW YORK — All eyes on Wall Street turn to SpaceX after the closing bell Tuesday, when the company reports quarterly results for the first time as a public company. Ahead of the print, $SPCX (NASDAQ: SPCX) was trading roughly flat to modestly higher, steadying after a volatile stretch since its June debut.
The report is a landmark moment. SpaceX went public on June 12, and Tuesday marks investors' first look at audited results for a business that now spans three segments — space, connectivity and AI — following the integration of xAI. The company set the stage last week, confirming the August 4 date for its maiden earnings webcast.
What Wall Street Expects
Analysts are modeling revenue near $6.9 billion for the quarter, up sharply from $4.69 billion in the first quarter, driven largely by Starlink, which ended March with 10.3 million subscribers across 164 countries. Investors will be watching net subscriber additions, average revenue per user, and the trajectory of the fast-growing AI segment. Morgan Stanley has maintained a $300 price target, a bullish marker against the current tape.
Operationally, few companies are executing at SpaceX's pace. The company recently logged its 90th orbital launch of 2026, a cadence that anchors the launch segment's revenue. That relentless flight rate is a core part of the bull case heading into the call.
The Market Data
Since its $135 IPO on June 12, $SPCX has been choppy, trading roughly between the high-$110s and an intraday peak near $270 before settling into the low-$130s. Heading into the report, shares hovered around $132, essentially flat on the session. A first tranche of the post-IPO lockup is set to expire later this week, a technical factor traders are watching closely. Live quotes are available on Yahoo Finance, Google Finance, WSJ and Nasdaq.
Why It Matters for $TSLA Too
The results carry weight beyond SpaceX. With persistent speculation about a future Tesla-SpaceX combination, commentary on the call could move $TSLA as well, tying the fortunes of Musk's two flagship companies more tightly together in investors' minds.
The Setup
Bulls point to Starlink's explosive subscriber growth, a booming launch business and a newly folded-in AI arm as reasons the numbers could impress. Skeptics note the stock's post-IPO slide and the lack of prior public guidance. Either way, Tuesday afternoon will finally put real figures behind the story. As CNBC is tracking live, the first SpaceX earnings report should offer investors their clearest read yet on the company's three-segment engine.
This article does not constitute financial advice. Readers are advised to do their own research before investing in the stock market. Prices cited are point-in-time snapshots and may be stale — always confirm on a live financial source.
