SpaceX Preps for Earnings and a Potential Float Flood
SpaceX (SPCX) faces two catalysts this week: its first earnings as a public company on Tuesday and a lockup expiration that could triple the tradable float by month’s end, potentially boosting volatility as about 911 million insider shares become eligible to sell. Markets are pricing a roughly 70% chance SpaceX misses earnings, while Rocket Lab (RKLB) acts as a nearby proxy for the space sector. Investors will scrutinize Starlink’s subscriber growth and revenue, its cloud partnerships with Anthropic and Google, and federal contracts to see if revenue can offset Starship and xAI cash burn and push SpaceX toward positive free cash flow.