SpaceX (NASDAQ:SPCX) has turned its own satellite fleet into its rocket business's biggest customer, and the timing puts a spotlight on Tuesday's earnings release.

SPCX stock is climbing ahead of earnings.

See the chart and price action here.

SpaceX posts its first quarterly report as a public company after Tuesday's close with analysts modeling a loss near 22 cents per share on roughly $6.9 billion in revenue, per Perplexity Finance's earnings calendar.

The report also triggers the first tranche of insider share unlocks tied to SpaceX's June IPO lock-up schedule, a closely watched overhang for new shareholders.