Space Exploration Technologies Corp.
(NASDAQ:SPCX) is expected to significantly increase spending, partly driven by joint projects with Tesla Inc.
(NASDAQ:TSLA), with analysts forecasting negative free cash flow.
Bill Birmingham, MD of exchange-traded product provider Rex Shares, told MarketWatch, "They're going to be spending cash for the indefinite future.
The idea of free cash flow is just not part of the story." Birmingham said SpaceX's upcoming earnings will also signal the timing and valuation of its next capital raise, not just its outlook for the second half of 2026.
