Space Exploration Technologies Corp. Class A Common StockStock down 40% from IPO high, near lows; first earnings call may reveal challenges; share unlocking adds selling pressure.

Space Exploration Technologies will release second-quarter earnings on August 4 and host its first earnings call with analysts since its June 12 initial public offering. The stock is down 40% from its intraday high of $225.64 on June 16, hovering near its lowest point since the IPO. Investors will watch for updates on the Starlink satellite internet business, which had 10.3 million subscribers as of March 31, and the planned deployment of next-generation Starlink V3 satellites on Starship launchers in the second half of 2026. The call may also address SpaceX's AI compute satellite ambitions, its collaboration with xAI and Tesla on the Terafab chip facility, and speculation about a potential merger with Tesla. A major share unlocking for early investors is scheduled two days after the earnings release.
Space Exploration Technologies Corp. Class A Common StockStock down 40% from IPO high, near lows; first earnings call may reveal challenges; share unlocking adds selling pressure.
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