New York —
SpaceX reports its first-ever quarterly earnings as a public company after the closing bell Tuesday, giving investors a detailed look at Elon Musk’s rocket, satellite and AI company after a rocky start to trading.
Investors want to learn more about the company’s spending on AI, its revenue streams from Starlink (its satellite internet business) and progress on Starship, its flagship rocket.
SpaceX shares soared after the biggest IPO in history about two months ago – but have come back to earth since then, down from both their record high and their IPO price. The Tuesday earnings report could help determine what happens next for the stock.
SpaceX disclosed earlier this year that it’s losing money. The company reported losses of about $4.3 billion in the first quarter after losing roughly $4.9 billion in 2025. The company earns billions in revenue from Starlink but also spends billions on its rocket launches and AI business, including building data centers.
