SpaceX Seen Swinging to $1.87B Profit as Q3 Revenue Jumps to $12.87B
SPCX sits 43% above its 52-week low of $104.83.
Summary
SpaceX reports Q3 after the close Tuesday, and consensus has it swinging to a $1.87 billion profit from a $541 million loss last quarter, with revenue forecast at $12.87 billion versus $7.81 billion in Q2. Adjusted EPS is expected at 12 cents, reversing the 4-cent adjusted loss three months ago. The bar is high: Q2 revenue beat consensus by roughly 13% and the stock is up 21% over three months to about $150. The key question is capex — the company spent $18.4 billion in Q2, mostly on AI, and the CFO has said Q3 and Q4 would be comparable, so any deviation changes the cash-burn picture. Also watch for detail on Musk's pledge to give every child in America one SpaceX share, announced a day before the report with no mechanics disclosed.
At the time of this announcement, SPCX was trading at $150.28 on NASDAQ in the Technology sector, with a market capitalization of approximately $2T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.