SpaceX earnings test AI ambitions after 50% stock drop

SpaceX shares rebounded ahead of the company’s first quarterly report since its June IPO, as investors looked beyond an expected $1.9 billion loss toward its AI infrastructure plans and Starlink growth. Summary SpaceX is expected to report $6.8 billion in quarterly revenue and a $1.9 billion loss. Bernstein maintained its Outperform rating and $239 price target before the results. SPCX remains more than 50% below its $225.64 high despite its latest rebound. Investors are watching Starship reuse, Starlink growth, and AI computing demand for signs of long-term value. SpaceX earnings put AI strategy in focus SpaceX is scheduled to publish its second-quarter results after the U.S. market closes on Tuesday, marking its first earnings report as a public company. Analysts expect the company to post revenue of about $6.8 billion and a net loss near $1.9 billion. Starlink growth is expected to offset some of the losses from SpaceX’s launch and artificial intelligence operations, according to estimates cited by CBS News. The headline financial figures may receive less attention than management’s outlook for AI infrastructure. SpaceX has been developing plans to deploy space-based data center...