What to Expect From SpaceX’s First Public Earnings Report

August 4, 2026

AI Summary

5 min read

SpaceX is set to report its first quarterly results as a public company this afternoon, and the stakes are unusually high. Since its June IPO — the largest of all time, which made Elon Musk the world’s first trillionaire on paper — the stock has lost more than half its value, shedding over $1 trillion from its post-IPO peak. The earnings call will be the first time SpaceX executives address the wave of new retail investors who bought in, and the market is watching closely to see whether the company can justify its remaining valuation.

What to watch in SpaceX’s first public earnings

WSJ reporter Becky Peterson notes that before the IPO, SpaceX’s S-1 filing revealed the company’s business in detail for the first time: revenue from rockets, satellite internet via Starlink, and a newer AI business tied to the X platform. Since that filing, SpaceX has added a few new customers — including a major government rocket contract and new clients for its AI data center business — but not enough time has passed for dramatic changes. The earnings report will likely show incremental growth rather than a surprise.

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What you'll learn

1 (00:37) **Episode Introduction** - Host Katie Dayon sets up the two main stories: SpaceX's first public earnings report and the backlash against high-tech car interiors.
2 (01:11) **SpaceX First Public Earnings: The Stakes** - WSJ reporter Becky Peterson explains why today's report is the most anticipated earnings call of the year so far.
3 (02:48) **What the S1 Revealed and What's Changed** - The IPO filing laid out SpaceX's business for the first time, but new contracts could show incremental growth.
4 (03:43) **Where Analysts Will Focus: AI vs. Starlink** - The key question is how much SpaceX is spending on its AI expansion.
5 (04:50) **Tesla-SpaceX Merger Rumors** - Musk has not dismissed the idea, and recent reporting suggests structural preparations.
6 (06:49) **Segment Break & Listener Engagement** - Host reminds listeners to send questions about AI authenticity to [email protected].
7 (07:02) **The Low-Tech Car Backlash** - A growing group of drivers is fighting back against touchscreens and driver-assistance tech, demanding physical buttons and knobs.

+ Full timestamped outline available in the app

Guests on this episode

Becky Peterson

Show Notes

Elon Musk’s SpaceX on Tuesday will report its first quarterly earnings as a public company. In the wake of the company’s post-IPO stock drop and Tesla’s negative quarterly cashflow, what can investors expect? WSJ reporter Becky Peterson sets the scene. Plus, WSJ’s Sharon Terlep on the anti-tech automotive movement, and the extreme measures some are taking to avoid features like driving-assistance technology. Katie Deighton hosts.

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