SpaceX drops more than 50% ahead of its first post-IPO earnings
What's next: Tuesday's report lands as lockup expirations near and investors press Elon Musk on Starship, AI and cash burn.
SpaceX heads into its first earnings report as a public company after a sharp selloff that has cut the stock by more than half from its post-IPO intraday high. The company is due to report second-quarter financial and operating results on Aug. 4, with Elon Musk expected on the call. Investors are weighing heavy spending on Starship and AI, profits from Starlink, and the risk that more shares could hit the market as rolling lockup restrictions begin to expire. Retail shareholders, who received an unusually large slice of the IPO, have also pushed a wide range of questions on SpaceX's online forum, from in-orbit refueling and moon-landing hardware to a possible Tesla merger.