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SpaceX faces first earnings report with $1.5T valuation, Starlink profits, and insider share release risks.

Company Fundamentals
31 Jul 2026
Seeking Alpha
View Source
Bearish
pluang ai news

SpaceX is set to release its first quarterly earnings report as a public company, revealing deep unprofitability despite a $1.5 trillion valuation driven mainly by its Starlink segment. Starlink, which provides internet connectivity, is expected to generate 61% of 2025 revenue and is currently the only profitable division. However, the AI and space exploration segments continue to burn significant cash. Additionally, the upcoming expiration of insider lockups could flood the market with 911.5 million shares, more than doubling the available stock and likely putting downward pressure on SpaceX's share price. Analysts rate SpaceX as a strong sell due to high short interest, potential supply shock, and doubts about the sustainability of its AI business and real customer base.

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