SpaceX Exceeds Estimates in First Earnings Report | Closing Bell
Speakers
Tim Stenovec
— Anchor/Co-Host, Bloomberg TV & Radio
Romaine Bostick
— Anchor, Bloomberg
Carol Massar
— Anchor, Bloomberg
Summary
U.S. stocks rallied to record highs as SpaceX reported better-than-expected first quarterly results following its blockbuster IPO. Hosts focused on the risk that a massive lockup expiry in two days, combined with heavy short interest, could put downward pressure on SpaceX shares. Other earnings from AMD, Paramount, Amgen, and Booking were also discussed.
- S&P 500 closes at a record high, first since June 2, with the Dow up over 900 points.
- SpaceX Q2 revenue of $7.8B beats the $6.81B estimate; AI segment operating loss narrower than expected.
- Starlink subscribers hit 12 million, in line with expectations; CapEx at $18.37B.
- Concern raised about an 911-million-share lockup expiry in two days, potentially adding significant supply.
- Short interest exceeds 200 million shares, creating additional risk of downward pressure on SpaceX.
- AMD, Paramount, Amgen, and Booking also reported results.
- Starship program updates were highlighted as crucial for SpaceX’s future orbital data-center ambitions.
Ideas
Lockup share flood to pressure SpaceX.
The impending lockup expiry will add up to 911 million shares to SpaceX's float, and with short interest already over 200 million shares, this flood of new supply is likely to exert downward pressure on the stock regardless of earnings results.
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This Bloomberg Markets video, published August 04, 2026, features Tim Stenovec discussing SPCX. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Tim Stenovec · Tickers: SPCX