US Stock Market Move | SpaceX (SPCX.US) rises 4% as its first quarterly report since going public is about to be released.

On Tuesday, SpaceX (SPCX.US) rose 4% to $119.20. In news, after the market closed on August 4, SpaceX will announce its first quarterly financial report since going public, with the market highly focused on key information such as user growth, the commercialization timeline for Starship, and the performance of its artificial intelligence business. Wall Street's current expectations for SpaceX's second quarter show some contradictions: revenue is expected to reach approximately $6.82 billion, reflecting a year-on-year growth of as much as 67%, indicating strong growth momentum; adjusted EBITDA is anticipated to be around $2 billion. At the same time, the market also estimates that the company will report a loss of $0.23 per share. Investors are increasingly anxious about its cash-burning ability. Currently, SpaceX's price-to-sales ratio is an astonishingly high over 70 times, burning through tens of billions of dollars each quarter, while its debt is nearly twice the cash it holds. According to consensus data from Visible Alpha, SpaceX's capital expenditures are projected to surge from $48.7 billion this year to $118.4 billion by fiscal year 2028, with debt levels expected to balloon from $41.7 billion to over $218 billion during the same period. Data from financial analytics firm S3 Partners shows that as of last Friday, short sellers have made a paper profit of around $8.3 billion on SpaceX since its IPO. Currently, SpaceX's nominal short positions have risen to about $24.2 billion, accounting for 32.2% of its floating shares, exceeding the short size of Elon Musk's other company, Tesla, Inc. (TSLA.US) in dollar terms. Based on options pricing for straddles, the market anticipates that SpaceX's stock will experience a volatility of up to 14% after the earnings report, with the corresponding price fluctuation range estimated to be between $94 and $126.