My theory: SpaceX to surprise us with positive EPS

SpaceX raised a historic $85 billion in its IPO when it went public in June.

$SPCX reported $24.7 billion in cash and cash equivalents at year-end 2025, which fell to $15.9 billion at the end of Q1 2026 in its initial S-1 filing. That figure later surged to $100.8 billion following IPO and notes offering in June.

$SPCX is also now receiving a couple billion dollars per month from Anthropic and $GOOGL through 2029 to lease its AI compute capabilities.

With the first share lockup expiration coming next week, selling pressure is expected to be quite significant… But what about the case $SPCX actually reports surprisingly great earnings?

The connectivity business through Starlink is highly profitable, and with $100.8 billion in cash now, SpaceX has more cash than enough to cover CapEx costs to continue to expand their AI infrastructure.

I wouldn’t rule out a profitable quarter, but I’m still not buying at this valuation. My personal entry price is at $55.

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7 Comments

Mike L

@noviceadvisor · 20h

Buy a couple of call options 😌 🤣

Brett @birdmanbrett · 21h

Even if it’s blowout earnings it will still sell off. I said before it even IPOed that I was only interested between 40-60$

Julie @livingmylife · 19h

Great post Anthony: so… Earnkngs for MDS this week August 7, what are your thoughts?

@rj_fire · 22h

🤞

Josh @joshua111 · 3h

Space x only profitable aspect is starlink. Everybody was very aware of this. I said at $50-$60 then maybe it’s interesting. For ETF providers that added this crap at IPO or just after. They have lost all respect and I can’t wait to divest myself of everything Harvest.

For large ETF providers that added Space x because they hold 3,500 stocks or 8,500 stocks then no biggie. Still kind of brutal but not the same thing.

Mikey from Kamikaze cash was calling this from the beginning and honestly I have to say I 100% agree with him on this.

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