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SpaceX Beat Expectations in Its First Earnings Report Since Going Public. Here's Why the Market Still Isn't Thrilled

The company's capital expenditures soared like a rocket this past quarter, and investors weren't impressed.

SpaceX Beat Expectations in Its First Earnings Report Since Going Public. Here's Why the Market Still Isn't Thrilled

Published August 5, 2026 · Category: Finance

Overview

Space Exploration Technologies Corp (NASDAQ: SPCX), better known as SpaceX, posted its second-quarter numbers yesterday, marking its first earnings report since it went public in June. Investors likely weren't surprised to see the company incur another loss while growing revenue, as this is a business that's spending significantly on growth and has only one profitable segment: its connectivity business, which centers around Starlink.

However, the company beat expectations, with both its top and bottom lines better than Wall Street expected. Often, that can be enough to send a stock rallying, and it could be the catalyst needed to turn a struggling stock around. SpaceX, while it started hot when its IPO first came out, has been crashing in recent weeks.

Details

Why isn't the market thrilled with the results, and could SpaceX end up falling below $100?

Continue reading

Source

Originally published at www.fool.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.