Space Exploration Technologies Corp. Class A Common StockFirst earnings report as public company amid 50% stock plunge; focus on future growth and Starship/AI updates.

SpaceX is set to report its first earnings as a public company after the US stock market closes on Tuesday, August 5, amid a share price that has tumbled more than 50% from its intraday peak since its trading debut on June 12. The decline has wiped out over 500 billion dollars in market value, leaving the company with a current market capitalization of around 1.4 trillion dollars. Investors are watching for updates on the Starship program, a next-generation fully reusable rocket, as well as the company's AI strategy following its merger with xAI and the 60 billion dollar acquisition of Cursor, which is expected to close in the third quarter. Meanwhile, Bernstein analysts note that the market is focusing more on management's confidence in the future growth trajectory than on this quarter's profit figures.
Space Exploration Technologies Corp. Class A Common StockFirst earnings report as public company amid 50% stock plunge; focus on future growth and Starship/AI updates.
Mentioned as acquisition target by SpaceX; impact depends on deal completion and integration.