- SpaceX is preparing for its first quarterly earnings call, facing investor scrutiny after its shares lost approximately half their value since peaking in June.
- Investors are expected to question Elon Musk on the progress of the Starship rocket programme, the Starlink satellite network, and a potential tie-up with Tesla.
- The company is under significant financial pressure, with net losses for the first half of the year projected to exceed the $5 billion lost in the entirety of the previous year.
- A lockup period expires this week, allowing insiders to sell over 900 million additional shares, which could further increase market volatility.
- Operationally, SpaceX recently completed a successful Starship satellite deployment and continues to develop its Starlink internet service, while also owning the AI business behind Grok and the social media platform X.
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