SpaceX Leads Pre-Market Gains Ahead of First Earnings Report

iconChainthink
Share
AI summary iconSummary
SpaceX led pre-market gains in the daily market report, with shares up 1.59% at $116.40 ahead of its first earnings release after market close. Market forecasts project Q2 revenue of $6.88 billion and a loss of 23 cents per share. Annual revenue is expected at $39 billion. AST SpaceMobile rose 4.6%, Rocket Lab 3.46%, and Redwire 3.53%. Virgin Galactic declined 1.7%. The weekly market report shows space stocks gaining momentum ahead of key data releases.

ChainThink reports that on August 4, according to BIT (bit.com) market data, most space-related stocks in the U.S. pre-market session rose ahead of SpaceX’s first earnings report post-market, with investors closely watching performance in its rocket, Starlink, and AI businesses.

The market expects SpaceX's second-quarter revenue to be approximately $6.88 billion, an earnings per share loss of $0.23, and a quarterly EBITDA of about $2.1 billion; full-year revenue is forecast at approximately $39 billion and EBITDA at about $17.3 billion.

Pre-market trading shows SpaceX (SPCX) up 1.59% at $116.40; Virgin Galactic (SPCE) down 1.7%; AST SpaceMobile (ASTS) up 4.6%.

Rocket Lab (RKLB) rose 3.46%; Redwire (RDW) rose 3.53%.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.