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SpaceX (SPCX) beats expectations in first post-IPO quarter; bitcoin (BTC) holdings marked down $540 million

AI Market Summary
SpaceX's first post-listing report showed Q2 revenue of $780m beating expectations, a narrower net loss, and sharply higher adjusted EBITDA, but the stock fell ~6% after hours, indicating mixed positioning. Separately, the firm's bitcoin holdings marked down by $540m highlights ongoing crypto P&L sensitivity on corporate balance sheets. Broader risk tone appeared supportive with Nasdaq 100 up 3.3%.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT+1.60%
AI Insight · NCSKSPCX2USD/USDTAI Insight
● Neutral
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SpaceX's first quarterly report since going public showed a stronger-than-expected second quarter, with revenue of $780 million. Net loss narrowed to $541 million, while adjusted EBITDA nearly tripled, pointing to improving operating performance. The company said the value of its bitcoin (BTC) holdings fell by $540 million during the period, though overall results still improved. Shares fell 6% in after-hours trading. The Nasdaq 100 rose 3.3%.
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