SpaceX Posts First Earnings Since Record $2 Trillion IPO, Shares Down 24%

SpaceX released its first quarterly results since its June 2026 IPO — the largest ever, valuing the company near $2 trillion. Shares have since fallen 24%, erasing roughly $500 billion in market value. Analysts expect $6.93 billion in Q2 revenue against a 26-cent per-share loss. The company posted $4.3 billion in operating losses in 2025.