SpaceX braces for Q2 results as stock slides to new low

SpaceX will report its Q2 results as a public company for the first time, with the stock at a fresh all-time low amid likely insider selling after the Aug. 6 lockup. Analysts expect about $6.87 billion in revenue, an adjusted loss of $0.25 per share, and EBITDA of roughly $2.03 billion, while capital spending could surge to about $118.4 billion by FY2028 and debt to over $218 billion. The narrative centers on SpaceX’s heavy investment in AI infrastructure and Starlink, plus ongoing Starship/Mechazilla development, all set against merger chatter involving Musk’s other ventures.