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SpaceX Earnings and Stock Drop | San Francisco News
Description
SpaceX’s first earnings report reveals a $7.8B revenue but a $541M net loss, with its AI division losing $1.3B—still better than expected. Costs surged $1.6B year-over-year, and after hitting a high of $201.80 in June 2026, the company’s market value has plummeted over $1 trillion. With 900M shares set to hit the market starting August 6, and more coming in October and December, pressure mounts. Meanwhile, short sellers are betting heavily against the stock, risking huge losses if prices rebound.
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