SpaceX Posts First Earnings Since Record $2 Trillion IPO as Shares Sit 24% Below Debut Price

SpaceX reports its first quarterly results since its June 2026 IPO — the largest stock market debut ever, which valued the company near $2 trillion. Shares have since fallen 24%, erasing roughly $500 billion in market cap. Analysts at XTB forecast $6.93 billion in Q2 revenue against a 26-cent per-share loss. The company was unprofitable in 2025, with $4.3 billion in operating losses.