STARBASE DESK
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SpaceX & $SPCX · Independent financial desk

The money behind the missions.

Daily coverage of SpaceX's flight program and its first days as a public company. Catalysts, filings, and launch economics. No hype, just the read.

Next catalyst · Q2 earnings, first report as a public company · Aug 4, 2026, after close
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Mission statusFirst insider lockup tranche unlocked Aug 6 · Musk says AI revenue will exceed all other SpaceX revenue by September, and significantly exceed it in Q4 · Flight 14 still TBD
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Starbase, TX
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Live read from surface wind, gusts, and cloud cover — not SpaceX's official criteria. Real launch weather rules also cover lightning within range of the pad, thick or anvil cloud layers, upper-level wind shear, and vehicle temperature limits, none of which this feed can see.
Lockup timelineFirst tranche unlocked Aug 6 · full expiry Dec 8
IPO Jun 12First tranche Aug 6Full expiry Dec 8
Full catalyst board → Lockup calendar →
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Desk wire

Headlines aggregated from outside sources — news wires and SEC filings — refreshed automatically. Tap through to read the full story at the original publisher.

Automated desk take

  1. Connecting to the wire…

On the desk

Nasdaq-100 inclusion

Index funds tracking the Nasdaq-100 were required to buy $SPCX. Analyst coverage began the same week.

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Jul 7, 2026

Q2 earnings, first report as a public company

First look at revenue, Starlink growth, and guidance. The first insider tranche unlocks two trading days after the report.

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Aug 4, 2026

First insider tranche unlocks

Two trading days after the Q2 report, the first block of early-investor and employee shares becomes free to sell.

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Aug 6, 2026

Lockup fully expires

180 days after the IPO, all remaining early-investor and employee shares can be sold.

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Dec 8, 2026

Earnings scorecard · Q2 2026

$7.8B
Revenue, +92% YoY
12M
Starlink subscribers, +1.7M net adds in Q2
$66
Starlink ARPU, holding steady
$100B
ARR target, company says on track by year end

Revenue beat expectations, but shares fell after hours on capex spend and profitability questions. Musk said there's a non-zero chance of $1 trillion in revenue by 2029.

Launch cadence

$SPCX since IPO

$226 $166 $107 IPO $135 ATH $225.64 Nasdaq-100 ATL $107.01 Earnings

Debuted at $135 on Jun 12, spiked to an all-time high of $225.64 four days later, then ground down to an all-time low of $107.01 on Jul 28 ahead of the first earnings report. Illustrative curve, hand-plotted from reported highs and lows, not a live feed.