Changes in US stocks | SpaceX (SPCX.US) rose 4% to announce its first quarterly earnings report after listing

The Zhitong Finance App learned that SpaceX (SPCX.US) rose 4% to $119.20 on Tuesday. According to the news, after the market on August 4, SpaceX will release its first quarterly earnings report after listing. The market is paying close attention to key information such as user growth, Starship Starship commercialization schedule, and artificial intelligence business performance.

Wall Street's current expectations for SpaceX's second quarter are contradictory: revenue is expected to reach about 6.82 billion US dollars, up 67% year over year, showing strong growth momentum; EBITDA is expected to be around 2 billion US dollars after completion. At the same time, the market also estimates that the company will hand over a report with a loss of $0.23 per share.

What makes investors even more anxious is its ability to devour cash. Currently, SpaceX's market-sales ratio is over 70 times as high as an astonishing 70 times. The company burns billions of dollars every quarter, and its debt is almost double the amount of cash it holds. According to Visible Alpha's consensus data, SpaceX's capital expenditure is expected to soar from 48.7 billion US dollars this year to 118.4 billion US dollars in fiscal 2028, and the debt size will also expand from 41.7 billion US dollars to more than 218 billion US dollars during the same period.

According to data from financial analysis firm S3 Partners, as of last Friday, bears have made about $8.3 billion in book profits on SpaceX since the IPO. Currently, the short position in the name of SpaceX has climbed to about US$24.2 billion, accounting for 32.2% of its tradable shares, which in dollars has surpassed the short size of another Musk company, Tesla (TSLA.US).

According to option parity cross-mix pricing, the market expects SpaceX to fluctuate as much as 14% after the financial report, and the corresponding stock price fluctuation range is about $94 to $126.