NEW YORK , Investors in Elon Musk’s space company will get their first chance to question him Tuesday when SpaceX holds its inaugural quarterly earnings call as a public company.
The company’s shares have fallen by half from their June peak as investors grow concerned Musk may have oversold the company’s future prospects. Shareholders are also bracing for volatile trading later in the week when company insiders gain the ability to sell shares following the expiration of a lockup provision.
Musk, who serves as both visionary engineer and stock salesman, will likely face questions about the timeline for completing tests of SpaceX’s massive Starship rockets , which NASA hopes to use to return astronauts to the moon , along with plans for the company’s satellite network and the prospect of placing football-field-sized data centers in orbit.
Elon Musk attends the annual meeting of the World Economic Forum in Davos, Switzerland, Jan. 22, 2026.
AP Photo/Markus Schreiber, File
Given ongoing rumors that SpaceX may merge with Musk’s Tesla, he could also face inquiries about a potential tie-up, though such questions are unlikely to yield many details. Neither company has confirmed plans for a combination, and Musk has previously deflected questions by citing securities regulations that bar him from discussing the matter.
SpaceX is losing money rapidly. Net losses for the first half of this year are expected to exceed the more than $5 billion in losses the company recorded for all of last year. Some analysts have projected a strong rebound in the second half of the year that would return the company to profitability.
For the second quarter ended June, analysts surveyed by FactSet expect SpaceX to report a net loss of $1.9 billion, or 23 cents per share.
SpaceX insiders were prohibited from selling shares in the company’s June public offering. That restriction begins to ease Thursday when more than 900,000 shares are released for trading, more than doubling the number of shares currently available. The prospect has weighed on the stock, which closed Monday at $114.46, down from a June peak of $225 and below the $135 IPO price.
The lockup release is the first of several tranches of stock that will become available for trading over the coming months.
Following an abandoned launch attempt, the Starship rocket successfully deployed satellites into orbit during a test late last month. Future tests could include attempts to use massive arms at the company’s Starbase launch site in Texas to catch the rocket and its booster during a hovering return to Earth.
SpaceX’s satellite communications business, Starlink, generates significant cash for the company through contracts around the world. The company also operates a money-losing artificial intelligence business known for its Grok tool, as well as the social media platform X, the renamed Twitter.