SpaceX will share its second-quarter 2026 financial results after the stock market closes on Tuesday, August 4, 2026. The company will then hold a live audio webcast at 3:30 p.m. CT / 4:30 p.m. ET to discuss the numbers, according to its investor-relations page (SpaceX IR).

This is SpaceX's first earnings report since the company went public in June 2026. Going public means a private company sells shares to everyday investors for the first time. The Guardian calls it the biggest stock market debut ever, valuing SpaceX at about $2 trillion and briefly making founder Elon Musk the world's first trillionaire (The Guardian).

The earnings arrive at a tense moment. Since the IPO, SpaceX shares have fallen 24%, wiping out nearly $500 billion in value and dropping the stock below the price it first sold at (The Guardian). Investors want to find out whether that drop is just a normal cooling-off period after a big debut, or whether the market thinks the company was overpriced from the start.

SpaceX is not just one business. It runs several different operations under one roof: Starlink (satellite internet), xAI (artificial intelligence), the social media platform X, and its original rocket launch business (The Guardian). Analysts at the firm XTB predict the company brought in $6.93 billion in revenue this quarter, with a loss of 26 cents per share. They break that revenue down as $835 million from rockets, $3.38 billion from Starlink, and $2.18 billion from AI (The Guardian). If they are right, Starlink would account for about half of all revenue this quarter, with the AI division chipping in nearly a third.

The company is also losing money overall. SpaceX reported $18.7 billion in revenue for 2025 but still had an operating loss of $4.3 billion (The Guardian). A key question for the webcast is whether this quarter shows the gap between what the company earns and what it spends starting to shrink.

Another challenge arrives just two days later. On Thursday, August 6, 2026, 912 million SpaceX shares will become available for public trading, more than doubling the number of shares people can currently buy and sell (The Guardian). When a company goes public, early investors are usually locked in for a set period, typically around six months, before they can sell their shares. That restriction is called a lockup. Once it lifts, insiders can sell, which often pushes the share price down because there are suddenly many more shares on the market.

SpaceX has been preparing for the disclosure. Its investor-relations site lists a Q2 2026 earnings webcast and an online Q&A event, both on August 4, plus a Q2 2026 earnings update PDF (SpaceX IR). A June 26 regulatory filing also appears on the financials page (SpaceX IR Financials). Separately, SpaceX amended its credit facility in May 2026 to increase borrowing capacity and extend the repayment deadline, per an SEC filing (SEC EDGAR). The company files its regulatory documents with the U.S. SEC's EDGAR system under CIK number 1181412 (SEC EDGAR).

The broader context here is that SpaceX entered the stock market valued at $2 trillion based on the idea that all its different businesses would grow and become profitable quickly. The rocket business costs a lot to run and brings in relatively little revenue compared to Starlink's growing internet subscriber base and the AI division's expensive infrastructure buildout. A 24% drop in the share price suggests the market has already started to question whether that rapid-growth story holds up.

The XTB prediction, if roughly right, would put annualized quarterly revenue near $27.7 billion, well above the $18.7 billion reported for all of 2025. But revenue growth alone does not fix the fact that the company is losing money. Investors will be listening for signs that individual business lines, especially Starlink, are moving toward profitability, and for clues about how much the company plans to spend going forward. The AI division's $2.18 billion projected revenue, set against the company's overall losses, raises questions about whether the massive spending on computing infrastructure is paying off.

The lockup expiry two days after earnings adds another layer of uncertainty. A disappointing report could make things worse on August 6, while a solid result might help absorb the wave of new shares hitting the market. Either way, the number of tradeable shares will more than double, changing how the stock behaves going forward.

For investors, the combination of a first earnings report, a stock price already below its IPO level, and a flood of new shares arriving days later creates a tight window where SpaceX's valuation gets tested against real financial numbers for the first time. The webcast will be the first chance for public investors to hear management explain why the stock is trading well below its debut price.