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Musk likely to face tough questions during SpaceX's first earnings call as a public company
xCruzo Brief
SpaceX is holding its first quarterly earnings call as a public company Tuesday, and Elon Musk is expected to face tough questions from investors. Shares are down about half from their June peak, as concerns linger that Musk may have been overly optimistic about future prospects. Trading is also expected to be volatile because some insiders can sell shares after a lockup provision expires later this week. Musk may be pressed on Starship rocket testing for NASA’s planned return to the Moon, plans for Starlink’s satellite network, and the company’s ambition to place large data centers in orbit. SpaceX is losing money quickly, with first-half net losses forecast to exceed last year’s total $5 billion.
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