SpaceX is slated to report quarterly results for the first time as a public company on Tuesday, with growth expected to be driven by surging AI revenue.
Experts say ****** eX's second-quarter results are likely to have less of an impact on the stock than executives' comments during a post-earnings call and post-IPO lockup expirations.
In less than two months as a publicly traded company, ****** eX has—fittingly, for a rocket company—both seen dizzying highs and fallen back to Earth.
What lies ahead? The company formally known as ****** e Exploration Technologies (SPCX) will on Tuesday evening offer up its first quarterly financial report since its IPO, submitting CEO Elon Musk to a test of Wall Street's conviction in his ability to deliver on his bold vision of orbital data centers, interplanetary commerce, and "extend[ing] the light of consciousness to the stars."
With the company valued at more than $1 trillion, there's a lot of money at stake. The stock charged out of the gate after staging the largest IPO in history, but it's mostly been downhill since: The shares closed Monday near $115, roughly half off their all-time high.
#company #tuesday
Experts say ****** eX's second-quarter results are likely to have less of an impact on the stock than executives' comments during a post-earnings call and post-IPO lockup expirations.
In less than two months as a publicly traded company, ****** eX has—fittingly, for a rocket company—both seen dizzying highs and fallen back to Earth.
What lies ahead? The company formally known as ****** e Exploration Technologies (SPCX) will on Tuesday evening offer up its first quarterly financial report since its IPO, submitting CEO Elon Musk to a test of Wall Street's conviction in his ability to deliver on his bold vision of orbital data centers, interplanetary commerce, and "extend[ing] the light of consciousness to the stars."
With the company valued at more than $1 trillion, there's a lot of money at stake. The stock charged out of the gate after staging the largest IPO in history, but it's mostly been downhill since: The shares closed Monday near $115, roughly half off their all-time high.
#company #tuesday
2 months ago
