SpaceX Climbs 4%, AST SpaceMobile Rallies 9%, Rocket Lab Rises 5% as Traders Position for SpaceX’s Debut Earnings Report

SpaceX surged 4% and AST SpaceMobile jumped 9% ahead of SpaceX's debut earnings report, reversing a brutal July selloff of roughly 27%.

Intuitive Machines and Planet Labs advanced 7% and 6%, joining a sector-wide sympathy bid ahead of SpaceX's first earnings release.

SpaceX's IPO lockup expires Thursday, unleashing over 911 million shares worth roughly $100 billion in potential supply overhang.

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Space stocks are climbing Tuesday morning as traders position ahead of SpaceX 's ( NASDAQ:SPCX ) first-ever earnings report as a public company, due after today's close. SpaceX stock is up 4% to $119, with AST SpaceMobile ( NASDAQ:ASTS ) shares up 9% to $69 and Rocket Lab ( NASDAQ:RKLB ) shares up 6% to $74.34.

The bounce arrives after a brutal July for the sector. SpaceX stock is down 27% over the past month, and Rocket Lab shares are down 26% over the same window. Today's action looks more like an oversold, risk-on bounce into the report than a per-name catalyst.

SpaceX will release its first public quarterly report today after the market close at 4 p.m. ET, followed by an analyst call at 4:30 p.m. ET led by SpaceX founder and Tesla ( NASDAQ:TSLA ) CEO Elon Musk. The company priced its June IPO at $135 in the largest U.S. debut ever, and SpaceX stock now trades 11% below that offer price and well off of its mid-June intraday high of $225.64.

Analysts expect a Q2 2026 net loss of around $1.9 billion, with revenue estimates near $6.9 billion driven by the Starlink business. SpaceX booked $18.7 billion in revenue in 2025 with a net loss of more than $4.9 billion, and its AI segment reported $818 million in Q1 2026 revenue. Starlink subscriber growth and Musk's tone on the call are among the key swing factors.