Breaking Down SpaceX’s First Earnings Report | The Close 8/4/2026

Watch on YouTube ↗  |  August 04, 2026 at 22:47  |  1:42:02  |  Bloomberg Markets
Speakers
Ananya Lodaya — Portfolio Manager, Global Equity at Invesco
Nate Baxter — CEO & President of ScottsMiracle-Gro
Ross Gerber — CEO, Gerber Kawasaki Wealth Management
Aaron Jagdfeld — Chairman, President, and CEO, Generac
Nick Setyan — Managing Director, Mizuho Securities
Melinda — Bloomberg TV Markets Correspondent
John Bolton — Former US National Security Advisor / Ambassador

Summary

Bloomberg's 'The Close' covers a record-high day for the S&P 500 and European indices, driven by AI tailwinds and falling oil. The program features SpaceX's first public earnings beat and Nvidia partnership, plus investment theses on European equities, ScottsMiracle-Gro's growth plan, and Generac's data center power boom. Guests also discuss McDonald's value challenges, optical networking rally, and data center financing risks.

  • S&P 500 hits its 26th record high of 2026, supported by broadening market breadth and lower oil/yields.
  • European stocks (Stoxx 600, DAX, CAC) close at records on strong earnings and AI-related inflows.
  • SpaceX beats revenue estimates in its first quarterly report and announces an orbital data center partnership with Nvidia.
  • ScottsMiracle-Gro outlines a 5-8% EPS growth algorithm with digital and indoor gardening expansion.
  • Generac's data center backup generator backlog surges to $1.6 billion, with plans to triple capacity.
  • McDonald's reports slower US comps and faces value perception and franchisee alignment issues.
  • Optical networking stocks jump on a report of a potential US ban on Chinese data center components.
  • Data center debt spreads widen, but Moody's notes revenue growth is covering off-balance-sheet liabilities.
Ideas
Ananya Lodaya Portfolio Manager, Global Equity at Invesco 2:27
European equities rally sustainable on AI.
European equity markets (Stoxx 600, DAX, CAC) are hitting record highs on a strong earnings season with 17% earnings growth, positive revisions breadth, and fresh capital inflows; the AI semiconductor value chain across Europe and East Asia provides a sustainable tailwind.
SX6P DAX Index CAC HIGH
Nate Baxter CEO & President of ScottsMiracle-Gro 23:04
Scotts Miracle-Gro growth algorithm underway.
ScottsMiracle-Gro is executing a new growth algorithm targeting 5-8% annual EPS growth, driven by low household penetration, digital marketing pivot, indoor gardening expansion, new grocery channel wins, and natural/organic products; management expects to outperform conservative guidance.
SMG HIGH
Ross Gerber CEO, Gerber Kawasaki Wealth Management 54:56
SpaceX high-reward long-term investment opportunity.
SpaceX is a high-risk/high-reward long-term investment; Starlink is in early innings with massive consumer and military demand, the Nvidia partnership for orbital data centers could be transformative, and the stock trading below IPO price offers an attractive entry for patient investors.
SPCX HIGH
Aaron Jagdfeld Chairman, President, and CEO, Generac 92:01
Generac data center power business booming.
Generac's commercial and industrial data center backup generator business is booming with a $1.6 billion backlog, plans to triple capacity to ~$4 billion, and the potential to double the entire commercial segment next year, riding the massive AI data center build-out.
GNRC HIGH
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This Bloomberg Markets video, published August 04, 2026, features Ananya Lodaya, Nate Baxter, Ross Gerber, Aaron Jagdfeld discussing SX6P, DAX Index, CAC, SMG, SPCX, GNRC. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ananya Lodaya, Nate Baxter, Ross Gerber, Aaron Jagdfeld  · Tickers: SX6P, DAX Index, CAC, SMG, SPCX, GNRC