SpaceX Q2 Beats, Stock Surges Despite Bitcoin Loss

SPCX closed at $125.95, up 9.97% versus the prior close of $114.53, on volume of 102,483,647 shares.

Executive Summary

SpaceX (SPCX) rallied sharply on August 4 as the company reported its first quarterly results since its June IPO. Per Benzinga, Q2 EPS came in at $(0.09), beating the $(0.24) estimate, while sales of $7.814 billion beat the $6.934 billion estimate, with revenue reportedly up 92% and backlog reaching $47.5 billion. The company also disclosed a $100 billion cash and marketable-securities position, an Nvidia partnership on the Starmind AI1 satellite compute payload, and commentary from Elon Musk on Starship, Starlink Mobile, and Grok. Coverage also noted short interest had climbed to roughly 34% ahead of the print, with Musk publicly addressing short sellers, and at least one report flagged a $540 million unrealized loss on the company's bitcoin holdings for the quarter. Separately, reporting flagged an upcoming insider share unlock on August 6 as a factor investors are watching into the next session.

The stock opened at $117.32, traded as low as $115.72, and pushed to a session high of $126.71 before settling near the top of its range at $125.95. The move followed a stretch of declining closes since mid-July, and today's gain interrupts that slide with the stock's largest single-day advance in the data provided.

News

1. SpaceX Reports $540 Million Losses on Bitcoin Holdings in Q2 — Elon Musk-Led Rocket Company Didn't Sell Any

Space Exploration Technologies Corp. didn't sell any of its Bitcoin in the second quarter, but the position suffered a sizable unrealized loss. (Benzinga, Aug 4, 10:49 PM ET)

2. Elon Musk Says He Tries to 'Warn' Short Sellers, but They Just 'Double Down' as SpaceX Short Interest Climbs to 34%

SpaceX beat estimates in its first public earnings report as Elon Musk mocked short sellers after bearish bets swelled ahead of results. (Benzinga, Aug 4, 10:17 PM ET)

3. SpaceX, AMD, Nvidia, Astera Labs and Autonomix Medical: Why These 5 Stocks Are on Investors' Radars Today

Major U.S. stock indexes finished higher on Tuesday, with the Dow Jones Industrial Average climbing 1.71% to 54,085.88. (Benzinga, Aug 4, 9:45 PM ET)

4. SpaceX's Starlink Mobile Plans to Take 'Quite a Few' T-Mobile, Verizon, AT&T Customers [CORRECTED]

SpaceX President and COO Gwynne Shotwell reveals plans for Starlink Mobile; Legacy carriers' stocks slip. (Benzinga, Aug 4, 6:17 PM ET)

5. SpaceX Stock Falls: Gene Munster Calls Q2 ‘A Blow Out’ — ‘Market Missing the Point’

Gene Munster offers his early thoughts on SpaceX Q2 results and the conference call. (Benzinga, Aug 4, 6:12 PM ET)

6. Musk Praises Vera Rubin Platform on SpaceX Earnings Call, Nvidia Stock Climbs

Nvidia shares are moving higher in extended trading Tuesday after Elon Musk announces that SpaceX will build "exclusively" on Nvidia. (Benzinga, Aug 4, 6:03 PM ET)

7. SpaceX CEO Elon Musk Says Expect At Least 1,000 Starlink V3 Satellites By Q2 Next Year

(Benzinga, Aug 4, 5:33 PM ET)

8. SpaceX CEO Musk Says Whether SpaceX Catches, Recovers Starship Upper Stage On Next Test Flight This Month Hinges On Regulatory Approval; President Shotwell Says Anticipate To Acquire “Quite A Few Of” Of T-Mobile, AT&T And Verizon Customers, Says Co Aims To Build Terrestrial Infrastructure In Starlink Direct-To-Device Unit "To Make A True Mobile Service"; Musk Expects Starship To Be Safe Enough For Humans By End Of Next Year

(Benzinga, Aug 4, 5:32 PM ET)

Price Action

Metric	Value
Open	$117.32
High	$126.71
Low	$115.72
Close	$125.95
Change vs prior close	+9.97% (prior close $114.53)
Volume	102,483,647
Intraday range	$115.72 – $126.71 ($10.99)
Close vs IPO	-6.70% vs IPO offer price ($135.00); -21.75% vs IPO-day close ($160.95)

SPCX opened at $117.32, dipped to $115.72 in the early session, then advanced steadily to a high of $126.71 before closing at $125.95. Volume of 102,483,647 shares came in well above the average-volume-to-date figure of 66,225,894, and also above the prior session's volume of 70,604,591, consistent with an earnings-driven session. The close of $125.95 sits 6.70% below the $135.00 IPO offer price and 21.75% below the $160.95 first-day close, though today's session marks a sharp reversal off the multi-week low reached on July 31 ($108.37 per the closing-price history).

The one-line takeaway: SPCX posted its strongest single-day gain in the available record on heavy, earnings-driven volume, closing near the day's high.

Technicals

SPCX has traded publicly since June 12, 2026 — under two months of history as of this report. With fewer than 50 trading sessions on record, the 50-day and 200-day moving averages are not yet computable (flagged unavailable in the data), and the 20-day SMA and 14-day RSI, while calculable, describe a very short and volatile sample. Treat all of the following as observations on emerging price structure, not as signals with the reliability of a mature multi-month or multi-year chart.

Trend

The 5-day SMA ($114.72) and 5-day EMA ($117.40) both sit below the current close of $125.95, and the 10-day SMA ($115.21) does as well — today's close moved decisively above all three short-term averages. The 20-day SMA ($125.34) is essentially in line with today's close ($125.95), meaning today's rally brought price back up to test that longer (relative to SPCX's short history) average from below. RSI-14 at 47.22 is neutral, neither overbought nor oversold, which is consistent with a stock that fell for several weeks and is now attempting to stabilize rather than one that has become stretched in either direction.

Candle read

Today's candle has a body of $8.63 on a total range of $10.99, with a small upper wick of $0.76 and a lower wick of $1.60. The close-location value of 0.93 means the close finished in the top 7% of the day's range — a bullish candle that closed near its high with limited upside rejection (the small upper wick) and only a modest amount of intraday give-back from the low (the moderate lower wick). This is a full-bodied bullish session with buyers in control into the close.

Support levels

• $115.72 — the intraday low and the point where the session found its floor.
• $114.53 — the prior day's close.
• $114.72 / $115.21 — the 5-day and 10-day SMAs, both now below price and available as a cluster to watch on any pullback.
• $115.00 — nearest round-number level within the recent range.

Resistance levels

• $125.34 — the 20-day SMA, which today's close sits just above.
• $126.71 — today's intraday high, the most immediate overhead level.
• $130.00 — nearest round number above the current close.
• $135.00 — the IPO offer price, a level with psychological and reference significance.

Momentum interpretation

Bull scenario: a hold above the $114.72–$115.72 support cluster (5-day/10-day SMAs and today's low) keeps the short-term trend constructive, with a move through today's $126.71 high opening the way toward the $130 round number and eventually the $135 IPO offer price.

Bear scenario: a close back below the prior close of $114.53 and the 5-day/10-day SMAs would undo today's reversal attempt and put the stock back in the pattern of the multi-week slide that ran into the July 31 close of $108.37.

Neutral scenario: continued consolidation in the roughly $115–$127 band, oscillating around the 20-day SMA near $125.34, with RSI-14 near the 47 midpoint offering no strong directional read either way.

Trading Takeaway

SPCX posted a sharp, high-volume reversal higher on its first earnings report as a public company, closing near the session high and back above its short-term moving averages after a multi-week decline. RSI-14 at 47.22 shows the move hasn't stretched the stock into overbought territory, and the close now sits almost exactly at the 20-day SMA ($125.34), making that level the near-term pivot. For the next session, the key levels to watch are resistance at $126.71 (today's high) and $130.00 (round number) on the upside, versus support at $115.72 (today's low) and $114.53 (prior close) on the downside. A reported insider share unlock referenced for August 6 in the news flow is a factor to monitor into the coming sessions given the stock's still-limited trading history.

Sources

1. SpaceX Reports $540 Million Losses on Bitcoin Holdings in Q2 — Elon Musk-Led Rocket Company Didn't Sell Any — Benzinga
2. Elon Musk Says He Tries to 'Warn' Short Sellers, but They Just 'Double Down' as SpaceX Short Interest Climbs to 34% — Benzinga
3. SpaceX, AMD, Nvidia, Astera Labs and Autonomix Medical: Why These 5 Stocks Are on Investors' Radars Today — Benzinga
4. SpaceX's Starlink Mobile Plans to Take 'Quite a Few' T-Mobile, Verizon, AT&T Customers [CORRECTED] — Benzinga
5. SpaceX Stock Falls: Gene Munster Calls Q2 'A Blow Out' — 'Market Missing the Point' — Benzinga
6. Musk Praises Vera Rubin Platform on SpaceX Earnings Call, Nvidia Stock Climbs — Benzinga
7. SpaceX CEO Elon Musk Says Expect At Least 1,000 Starlink V3 Satellites By Q2 Next Year — Benzinga
8. SpaceX CEO Musk Says Whether SpaceX Catches, Recovers Starship Upper Stage On Next Test Flight This Month Hinges On Regulatory Approval; Shotwell Comments on Carrier Customers and Starship Timeline — Benzinga
9. SpaceX CEO Elon Musk Says Co Expects To Receive A "Significant Percentage" Of NVIDIA GPUs Next Year — Benzinga
10. SpaceX CFO Says Current Economics Have Translated Into A Less Than One-Year Payback On Capital Deployments For Compute; Sees $100B Annualized Revenue Run Rate By End Of Year — Benzinga
11. SpaceX CEO Elon Musk Says Grok 4.6 Coming Out Likely Next Week — Benzinga
12. SpaceX CEO Elon Musk Says Starship Goal Is To Deliver More Than 1M Tons To Orbit A Year, Maybe 10M — Benzinga
13. JPMorgan Says Bet NVDA, AMD, but Morgan Stanley Backs MSFT, GOOGL: What Is the Best AI Trade? — Benzinga
14. SpaceX CEO Elon Musk Says We Will Try To Catch First & Second Stages Of Starship V3 This Year, Possibly Next Flight — Benzinga
15. SpaceX Q2 Highlights: Double Beat, Revenue Up 92%, Backlog Hits $47.5 Billion — Benzinga
16. Space Exploration Technologies Corp Ended Q2 With $100B Of Cash, Cash Equivalents, And Marketable Securities — Benzinga
17. SpaceX Ended Q2 With $47.5B In Backlog — Benzinga
18. SpaceX Says Co Has Substantial Capacity To Invest In Starship, Starlink Broadband And Mobile Satellites, AI Platform — Benzinga
19. SpaceX Q2 EPS $(0.09) Beats $(0.24) Estimate, Sales $7.814B Beat $6.934B Estimate — Benzinga
20. SpaceX's Billion-Share Unlock Sounds Scary. Here's Why It May Not Matter. — Benzinga
21. SpaceX Is Partnering With NVIDIA To Design The Starmind AI1 Satellite Compute Payload — Benzinga
22. Why SpaceX Stock Popped Before Earnings — The Motley Fool
23. SpaceX's $24.6 Billion Short Bet Sets Up High-Stakes Week for Leveraged ETFs — Benzinga
24. How Anthropic and SpaceX Are Quietly Boosting Big Tech Profits — Benzinga
25. Palantir Soars 27% and Caterpillar Helps Lift the Dow 800 Points — The Motley Fool
26. 47% Earnings Growth? Not Really; Bezos Sells Amazon Stock; Strong Earnings From Palantir, Caterpillar — Benzinga
27. SpaceX Is Stuffing Its Rockets With Starlink — And Everyone Else Is Getting Shut Out — Benzinga
28. EXCLUSIVE: Top 12 Most-Searched Tickers in July on Benzinga Pro – SpaceX, Tesla, Micron Stay Hot, Nebius Rejoins List — Benzinga
29. Elon Musk Posts On X "Can't trust OpenAI" In Response To Apple Injunction Post — Benzinga
30. Stock Market Today: S&P 500, Dow and Nasdaq Futures Gain as Scott Bessent Says Hormuz Deal Could Come Soon — Benzinga
31. SpaceX Earnings Prediction Market Preview: What Will Elon Musk Say? — Benzinga
32. SpaceX Stock Is Gaining Tuesday: What's Going On? — Benzinga
33. Box CEO Aaron Levie Warns AI Pricing Could Collapse as Open-Weight Models Like Qwen Close the Gap On Closed AI — Benzinga
34. Will Elon Musk's Bullish Starlink Bet Help SPCX Recover? Billionaire Charts Ambitious Connectivity Plan Ahead of SpaceX Earnings — Benzinga
35. Mark Cuban Turned to Grok to Test Zohran Mamdani's City-Owned Grocery Plan for NYC — Benzinga
36. Elon Musk's SpaceX Reports Its Second-Quarter Results Today, but the Real Fireworks Begin on Aug. 6 — The Motley Fool
37. Ross Gerber Says Tesla Investors Are Excited for SpaceX's Earnings Because They 'Get Elon Twice a Quarter' — Benzinga
38. Palantir Cashes In on Its Early SpaceX Bet As IPO Windfall Juices Quarterly Earnings — Benzinga
39. Elon Musk Says Zohran Mamdani Is a 'Thief' and a 'Liar' Over City-Owned Grocery Stores — Benzinga
40. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. SPCX has a limited trading history, and technical indicators referenced here are based on a short data sample. Verify all figures independently before making any financial decision.