Why Aug. 4 Could Be a Big Day for the Stock Market
A massive technology player is announcing its first quarterly earnings and could shake up the entire stock market in the process.
Overview
Next Tuesday, Aug. 4, is going to be a big day in the stock market. The IPO stock Space Exploration Technologies (NASDAQ: SPCX) will report its first earnings as a public company. Investors are expecting massive growth and guidance from the Elon Musk enterprise, which was the largest IPO in history earlier this year.
There is also the flood of unlocked insider shares about to hit the market, which could cause even more volatility for shareholders. Here's the skinny on the upcoming earnings report, the post-IPO dynamics, and whether SpaceX stock could be a buy for long-term investors today.
Details
When SpaceX reports earnings, investors will be looking at the continued progress of its space and artificial intelligence (AI) endeavors. Importantly, investors care about the growth of the Starlink satellite internet business, which is supposed to be the major cash cow in the next few years. In 2025, this segment grew revenue 50% year over year with impressive profit margins.
Source
Originally published at www.fool.com.