Consensus revenue for the second quarter is $6.9 billion with a projected EPS loss of $0.26, while the current stock price of $112.55 remains significantly below the $230.50 average analyst target.
Investors are primarily focused on Starlink’s subscriber growth and its impact on Connectivity margins to justify the company’s post-IPO valuation.
This reporting period marks SpaceX’s debut as a public entity following its June 2026 listing and subsequent 50% decline from peak levels.
Concerns over heavy capital spending for AI infrastructure and a major 911-million-share lockup expiration on August 6 continue to weigh on sentiment.