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SpaceX reports its first quarterly results since the IPO after Tuesday's close (consensus revenue about $6.8B). Two days later insiders can sell up to 20% of restricted holdings, roughly 911.5 million shares worth about $123B. The stock is down about 30% since June.

<p>SpaceX reports its first quarterly results since the IPO after Tuesday's close (consensus revenue about $6.8B). Two days later insiders can sell up to 20% of restricted holdings, roughly 911.5 million shares worth about $123B. The stock is down about 30% since June.</p>

SpaceX's First Report, Then a $123B Unlock

<p>SpaceX reported Q2 revenue of $7.81 billion, beating estimates by 12.7%, with a narrower-than-expected loss of $0.09 per share. Despite strong results driven by Starlink and AI growth, shares fell in after-hours trading due to rising capital expenditures for Starship and data centers. Additionally, the stock faces pressure from a lockup expiration on August 6, which will release approximately 911.5 million shares valued at $109 billion.</p>

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Elon Musk's SpaceX Falls After Hours Despite First Public Earnings Beat on AI and Starlink Growth

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