The space company is expected to release its first earnings report after the market closes at 4 p.m. in New York, or 2000 GMT. SpaceX executives are then scheduled to host a webcast roughly 30 minutes later.
CEO Elon Musk, President Gwynne Shotwell and Chief Financial Officer Bret Johnsen are expected to take part.
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The results could have major consequences for SpaceX’s market value. Shares have already pulled back sharply since the company’s blockbuster debut, as investors question whether a valuation equivalent to about 77 times expected revenue can be sustained.
The earnings report will give investors an early look at whether Starlink’s growing profits are strong enough to support SpaceX’s aggressive spending on artificial intelligence and ambitious space projects.
Starlink has become a critical part of SpaceX’s business, providing satellite internet services while helping finance the company’s broader push into space technology and AI.
Investors are also likely to look beyond the headline numbers for clues about SpaceX’s future strategy, including whether its growing relationship with Tesla could eventually lead to a merger.
Musk’s ownership structure is another closely watched issue.
Following SpaceX’s June initial public offering, Musk’s economic stake was diluted to about 42% of the company’s outstanding shares, according to company information cited during the earnings coverage.
However, Musk retained exclusive control of SpaceX’s super-voting Class B shares, leaving him with more than 80% of the company’s voting power.
That structure gives Musk significant control over the company even after the dilution of his financial stake.
With the first earnings report now approaching, investors are effectively getting their first detailed look at whether SpaceX’s enormous market expectations are backed by equally strong financial performance.
The numbers could either reinforce confidence in the company’s growth story — or intensify questions about whether its valuation has moved too far ahead of its revenue and profits.
