SpaceX to Hold First Quarterly Earnings Call Since IPO, Investors to Question Elon Musk

SpaceX will hold its first quarterly earnings call as a publicly traded company on Tuesday, giving investors a chance to question CEO Elon Musk about the firm’s outlook. Analysts surveyed by FactSet project a net loss of $1.9 billion, or 23 cents per share, for the quarter ended June 30.

The company’s shares have fallen roughly 50 percent from their June peak, reflecting concerns that Musk may have overstated future performance. Trading is expected to become more active later this week as the lock-up provision expires, allowing insiders to sell more than 900,000 shares, which will more than double the number of shares currently available for trading.

Musk is likely to face inquiries about the timeline for completing tests of the Starship launch system, which NASA hopes to use for future lunar missions, as well as the expansion of the Starlink satellite network and plans for orbital data centers. Speculation about a possible merger between SpaceX and Tesla may also be raised, though Musk has previously said securities regulations prevent him from commenting on such discussions.

Starlink remains a major revenue source for SpaceX, while the company’s AI initiatives, including the Grok tool, and its social media platform X continue to operate at a loss. The lock-up release marks the first of several tranches of stock that will become tradable over the coming months.