SpaceX Prepares Maiden Earnings as Lockup Looms and stock stays under pressure

SpaceX is set to report its Q2 results—the first since going public—with revenue around $6.81 billion and an adjusted loss per share of about $0.24. Investors will scrutinize capital spending and debt levels, which are expected to rise sharply into FY2028, along with Starlink’s performance and Starship development. A looming August 6 insider lockup could release hundreds of millions of shares, potentially adding selling pressure and keeping the stock under pressure despite a near-term earnings catalyst.