SpaceX is about to do something it has never done before: open its books for public scrutiny. The company’s first-ever quarterly earnings report as a publicly traded entity is scheduled for August 4, 2026, covering Q2 results.

SpaceX stock is currently trading between $108 and $114, roughly 20% below its IPO price of $135 per share.

From record IPO to record doubts

SpaceX raised $85.7 billion when it went public in June 2026, making it the largest initial public offering in history. The stock initially surged above $225 at its peak before declining more than 50% from that high. Approximately 32% of SpaceX’s float is currently shorted.

Starlink is the story, but losses are the headline