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CNBC AI · 2026/8/3 13:45:02

SpaceX's post-IPO plunge sets tense backdrop for first earnings report
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SpaceX上市后股价暴跌超50%,市值蒸发逾5000亿美元,本周将迎来上市后首份财报,市场气氛紧张。这份财报被视为检验市场对马斯克“太空+AI”故事的信心试金石——毕竟两周前他刚让特斯拉股价因成本暴涨和现金流失血而重挫。
通俗说,SpaceX不是造火箭那么简单了,马斯克想干的是把数据中心搬到太空,顺便送人类去火星,同时还要在AI竞赛里分一杯羹。故事宏大,但烧钱速度也惊人,投资者现在最想知道:这个烧钱的故事能讲多久,还是能真正变成赚钱的生意?
对普通人来说,SpaceX的股价波动直接影响持有相关基金的散户钱包,同时也关乎未来卫星互联网的资费竞争——如果SpaceX业绩撑不住,星链服务会不会涨价?更深一层看,这次财报关系着马斯克能不能兑现“太空AI”的承诺,如果失败,整个太空产业的融资环境也会跟着冷下来。这场财报发布,不只是一家公司的事,而是整个科技投资风向标。
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TechSpaceX's post-IPO plunge sets tense backdrop for first earnings reportPublished Mon, Aug 3 20268:00 AM EDTUpdated 45 Min AgoLora Kolodny@in/lorakolodny/WATCH LIVEKey PointsSpaceX's first earnings report as a public company lands with the stock down more than 50% from its post-IPO high last month, as of Friday's close. When CEO Elon Musk faced Wall Street two weeks ago to discuss Tesla's results, shares of the EV maker plunged due to soaring costs and negative free cash flow. Much of the investment thesis for SpaceX is a bet on Musk and his promise to build data centers in space and eventually send humans to Mars while trying to win in AI. In this articleSPCXFollow your favorite stocksCREATE FREE ACCOUNTwatch nowVIDEO1:3301:33The key metrics to watch when SpaceX reports its first set of results this weekMorning CallSince its first trade on June 12, SpaceX has lost over $500 billion in market cap, a stunning blow to retail investors who jumped into Elon Musk's rocket company at their first opportunity. The stock is coming off its fourth straight weekly loss and is more than 50% off its intraday high.Not since Facebook's IPO in 2012 have tech investors seen such a high-profile offering lead to such early disappointment. Facebook stumbled out of the gate and trended lower for months before bottoming at less than half its IPO price. But Facebook's total market cap after its first day of trading was about $100 billion, or roughly one-fifth the amount of value SpaceX has shed since its initial pop. That's the backdrop for SpaceX's first earnings report as a public company, which is scheduled to land after the bell on Tuesday. It comes two weeks after Tesla's earnings were panned by Wall Street due to soaring costs, negative free cash flow and Musk's cautious tone on scaling the company's Robotaxi service. Last week tech's hyperscalers wrapped up their quarterly updates, which
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