SpaceX Reports Q2 Numbers This Week. Investors Will Scramble For Major Cues

Markets are gearing up to decode the cues as Elon Musk-backed Space Exploration Technologies (SpaceX) reports its first earnings on August 4.

Investors expect massive growth and guidance from SpaceX, which was the largest IPO in history that hit markets in June, according to a report. The numbers would also indicate whether SpaceX could be a long-term buy.

Along with SpaceX earnings, the market participants will be looking at the continued progress of space and artificial intelligence (AI) companies. The focus would also be on the indicators about the growth of the Starlink satellite internet business.

Markets have weighed in on the probability of Starlink as a cash generator in the near future. Last year, Starlink's revenue reportedly grew 50% on year, and posted solid profit margins.

The concerns regarding the massive growth of artificial intelligence related infrastructure business have also come to the fore.

The AI infrastructure companies scooped up only a meager $3.2 billion, which includes advertising sales from X, formerly known as Twitter.

SpaceX has entered into agreements with Anthropic and Alphabet to sell AI compute at its data centers. This is likely to boost SpaceX's growth this quarter. Markets also expect bigger AI gains in the years ahead. Second quarter revenues are expected to the tune of $6.9 billion, which could amount to rise of 68% on year. Analysts have pinned expectations of massive revenue growth across the entire business,.

They see a 100% rise in 2026 and 2027, according to the report. This would mean that SpaceX would rope in revenues to the tune of $80 billion in 2027, a huge surge from $18.7 billion in 2025.

The SpaceX founder is also reportedly exploring a plan to merge SpaceX with Tesla by carving out Tesla's China business, a move that could redraw the lines between his car, rocket and artificial intelligence empire, the WSJ reported.

Investors in the US have been reportedly intrigued by the idea of combining Tesla with SpaceX after SpaceX's blockbuster $86 billion fundraising in June.

Musk has publicly toyed with the idea of combining Tesla and SpaceX. The Tesla founder recently told investors that he saw growing 'crossover potential' as both companies reorganise around artificial intelligence projects.Moreover, SapceX is also a vital US national security contractor, launching classified satellites and running internet services in active war zones, including Ukraine.

Such a move would also be in sync with the Trump administration's stated objectives as Washington would prefer a clean break from Chinese operations.

Another factor that would attract the attention of market participants this week would be the upcoming end of SpaceX IPO lockup period. This means a hug chunk of shares would be unlocked on Aug. 6, two days after its earnings numbers are out.

The market will actively take cues on how many insiders who are now collectively worth hundreds of billions of dollars will approach this.

SpaceX shares are down 44% from its highs.

SpaceX closed down 3.4% on Friday to finish at $108.37. It fell about 5.8% in the week and has shed 30% from its $150 market entry. It is also roughly 50% down from its all time high of $225.64.