Add as a preferred source on GoogleSpaceX Shares Fall 10.6% Ahead of Oct. 20 Q3 Earnings Release
SpaceX plans to post results after the market closes and hold a 4:30 p.m. ET (20:30 UTC) webcast. Analyst forecasts put Q3 revenue near $12.9 billion.
SpaceX shares fell 10.6% between Oct. 12 and Oct. 16, extending a decline as investors approach the company's third-quarter results due after the market closes Tuesday, Oct. 20.
SPCX closed at $146.03 on Oct. 16, down from $163.42 on Oct. 12. The Nasdaq Composite fell 4.5% for the week ended Oct. 16, while the S&P 500 lost 1.9%.
Analyst forecasts put SpaceX's third-quarter revenue near $12.9 billion. The company reported $7.814 billion in revenue for the second quarter, up 92% from a year earlier, and a net loss of $541 million.
SpaceX's AI segment generated $2.561 billion in second-quarter revenue and recorded a $1.257 billion operating loss. It also had $15.828 billion in capital expenditures and $1.146 billion in segment adjusted EBITDA.
The third-quarter release will provide updated financial and operational results. SpaceX scheduled a webcast for 4:30 p.m. ET (20:30 UTC) on Oct. 20.