#SpaceXBeatEstimates

Written before SpaceX, at 4 a.m. $SPCX earnings report, I won’t stay up late waiting for the report, so here’s an early preview for sharing only What are the key points to watch in this SPCX earnings report? 1. SPCX’s earnings can’t be viewed solely through the lens of traditional aerospace company financials; the core focus should be on balancing AI capital expenditure and revenue. 2. Currently, the only business truly generating profit and cash flow for SPCX is the Starlink business. Reviewing revenue for 2025 and Q1 2026, Starlink remains the main source of corporate income. Therefore, the market’s main concern is Starlink’s business growth, profitability, and whether it can support the company’s current capital expenditures. 3. The market’s current worry is whether Starlink’s profitability can cover SPCX’s AI business and aerospace investments, and whether the company can demonstrate a transition from "high growth, high burn" to "high growth but with controllable cash flow." The biggest concern in the Q2 earnings season is excessive capital spending without effective profitability. 4. Regarding AI business development, if Starlink supports current operations, SPCX’s AI business is the core future profit driver. Investment is about trading expectations and the future, so AI represents future profitability. The focus here is on revenue from AI data centers and computing power businesses. The validation logic for this segment depends on AI revenue, AI capital expenditure, AI contracts, and the timing of future revenue realization. If revenue, contracts, and capital spending all rise, the market can accept it. The most worrying scenario is rising capital expenditure without a corresponding increase in AI revenue and orders, which would raise concerns about capital spending. 5. The company’s overall capital expenditure and cash flow: operating cash flow minus capital expenditure equals free cash flow. This is a key metric because if free cash flow continues to decline sharply, it will increase market concerns about SPCX’s future financing .

🚨SPACEX STILL HOLDS 18,712 BITCOIN! SpaceX confirmed in its first public Q2 earnings that it continues to hold the full 18,712 $BTC on its balance sheet, no sales since the IPO disclosure. The position, originally acquired for about $661 million, remains intact and is valued at roughly $1.1-1.2 billion.

SpaceX Beats Expectations in Its First-Ever Earnings Report SpaceX delivered a strong Q2 performance, reporting $7.8B in revenue, well above the $6.81B market expectation. Meanwhile, Starlink reached an impressive 12 million subscribers, highlighting continued growth across the company's ecosystem. However, attention is now shifting to August 6, when 911 million insider shares become eligible for sale. With approximately 34% of the float currently sold short, the upcoming unlock could significantly increase market volatility The next few trading sessions will be closely watched as participants assess how the share unlock impacts price action and overall market sentiment #DailyOrbit #OKXOrbitTopics #BigTechEarningsWatch

🚨Reasons bullish: SpaceX as a publicly listed company releases its first financial report, with performance far exceeding expectations Revenue: $7.8B vs. $6.81B expected, up 92% Starlink: Revenue $4.29B, operating revenue $1.66B, 12 million subscription users The AI division’s loss is only HALF of Wall Street’s expectations ($1.26B vs. $2.39B) Musk is calling the shots—can $SPCX take off? #FedSplitGoesPublic

A whale just went long on SpaceX. Biggest position on Hyperliquid, hours before earnings. $17.36 MILLION long. Already up $404K as $SPCX bounces to $118. SpaceX reports its first ever earnings TONIGHT after the US close. Options are pricing a 13% move. This whale is betting the report sends it higher.

$ASTS - Clear Street's Note from yesterday values Starlink at $1.3T based on a 20x EV/EBITDA 2030E estimate of $64.8B Bloomberg estimates AST SpaceMobile hitting close to $3B in EBITDA by 2030. Slap a 20x multiple and you get a $60B valuation. That's $155/share We are not bullish enough!

JUST IN: Elon Musk's SpaceX $SPCX reports $7.8 billion in revenue for Q2 2026, beating expectations.

JUST IN: SpaceX ($SPCX) exceeded Wall Street expectations in its first quarterly report as a public company, driven by 92% year-over-year revenue growth.

Is SpaceX safe just because it rose 6%? Last night, $SPCX surged from around $105 to $116, finally closing at $114.53, up nearly 6%. This bullish candle is strong, but I think it's still too early to call it a reversal. Tonight is SpaceX's first quarterly report since going public, but the real challenge lies ahead: on August 6, up to 911.5 million old shares will become eligible for sale. Based on the current stock price, this corresponds to a market value of about $104.4 billion. To be clear, the unlocking is not a new issuance, nor does it mean these shares will definitely be sold. It won't increase the total share capital out of thin air; what changes is the supply of tradable shares in the market. Currently, SpaceX's float is about 640 million shares, and the shares to be unlocked exceed the current float. If all enter the market, the tradable supply could theoretically increase by about 142%. This is the biggest pressure after the earnings report. SpaceX's financials are interesting. In 2025, revenue is $18.674 billion, up 33.2% year-over-year; adjusted EBITDA reached $6.584 billion, and operating cash flow was $6.785 billion. Looking at these alone, it doesn't seem like a poorly performing company. But on the other hand, the net loss for the year was $4.937 billion. Adding up the data disclosed by the three business segments, capital expenditures in 2025 have already exceeded $20.7 billion. The money is mainly burned on Starship, the Starlink satellite network, and AI data centers. Among them, the connectivity business where Starlink operates is actually quite profitable: annual revenue of $11.387 billion, operating profit of $4.423 billion. The real drag is the AI business, with an operating loss of $6.355 billion in 2025. So tonight, don't just focus on whether revenue beats expectations. More importantly, watch whether Starlink's profits can continue to grow, whether the burn rate of AI and Starship slows down, and whether management What do you think? $SPCX #财报观察员：AMD与SpaceX交卷在即，Circle压轴 #dailyorbit#ISMBeatYieldsFall #KoreaETFVolDown90