2026-08-03T13:23:00-0400 / 哥伦比亚广播公司（CBS）新闻
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更新于：2026年8月3日 / 美国东部时间下午2:33 / 哥伦比亚广播公司（CBS）新闻
太空探索技术公司（SpaceX）将于周二发布其作为上市公司的首份财报，这份详细报告将展现这家火箭、卫星及人工智能供应商在6月备受瞩目的首次公开募股（IPO）后的运营状况。
此次IPO是美国历史上规模最大的首次公开发行，SpaceX的股价在上市初期飙升后便陷入震荡。周一，该公司股价徘徊在110美元左右，较135美元的发行价下跌约19%，较6月16日盘中高点225.64美元下跌51%。
SpaceX计划于美股收盘后周二发布财报，随后将召开与市场分析师的电话会议。
佛罗里达大学沃灵顿商学院IPO专家、教授杰伊·里特在给哥伦比亚广播公司（CBS）新闻的电子邮件中表示：“华尔街分析师将关注核心财务数据，但散户投资者会受到财报电话会议中一些简短发言的影响。”
以下是关注SpaceX首份财报时值得留意的三大要点。
营收增长是否强劲？
投资者将关注SpaceX的营收增长速度。根据一份监管文件，该公司去年营收达187亿美元，但净亏损超过49亿美元。
标普全球旗下Visible Alpha研究部门负责人梅利莎·奥托预计，受星链（Starlink）宽带卫星网络业务推动，该公司第二季度营收将达到69亿美元。她在一份分析报告中表示，这项连接业务的营收增长将有助于抵消公司太空探索和人工智能部门的运营亏损。
分析师将特别关注星链的用户增长和营收情况。晨星公司（Morningstar）负责覆盖SpaceX的股票分析师尼古拉斯·欧文斯预计，2026年该业务的用户增长率将达到93%，而2025年这一增速为229%。
人工智能业务是否步入正轨？
另一个核心问题是，SpaceX在人工智能领域的巨额投资是否显现出回报迹象。换言之，其人工智能业务能否开始产生足够营收，以支撑公司1.4万亿美元的估值？
根据一份证券文件，2026年前三个月，SpaceX的人工智能部门营收达8.18亿美元。该部门的核心业务是通过将数据中心送入太空来扩大人工智能计算基础设施规模，并升级由SpaceX于2月收购的xAI公司开发的人工智能聊天机器人Grok的性能。
投资者还将通过SpaceX的季度人工智能营收数据，研判该业务的增长速度。里特表示，这包括该公司近期收购的人工智能编程初创公司Cursor的相关计划，以及该业务如何融入Grok的未来发展。
他在邮件中说道：“如果SpaceX能实现这部分业务的增长，它将与星链和地面数据中心一起，成为未来几年重要的营收来源。”
股价能否重拾上涨动力？
SpaceX的首份财报可能会影响其短期股价，而股价近期下跌部分源于投资者对该公司人工智能投资的担忧。
约克维尔艾夫斯公司合伙人兼高级董事总经理丹·艾夫斯表示，尽管投资者无疑会关注财报中的具体数据，但市场情绪在很大程度上将取决于SpaceX创始人埃隆·马斯克在财报电话会议上传递的基调与愿景。
他告诉哥伦比亚广播公司（CBS）新闻：“投资者更多是在押注未来，[SpaceX需要]向他们提供可实现的短期目标，以证明其成功，因为当前股价是基于长期愿景估值的。”
该股面临的另一项关键考验将于周四到来，届时超过9.11亿股、总价值约1000亿美元的SpaceX股票将迎来禁售期结束。
里特表示，做空机构已通过押注这家埃隆·马斯克旗下火箭公司股价下跌赚取了超过80亿美元的利润，进一步打压了股价。不过，预计部分投资者将在禁售期结束后转为买入，这将缓解该股的波动。
他说：“其中一些投资者本周将开始买入，承接现有股东获准抛售的股票。这种空头回购将缓解周四原本可能出现的股价下跌。”
本文编辑：阿兰·谢尔特
SpaceX set to release its first earnings report as a public company. Here’s what to look for.
2026-08-03T13:23:00-0400 / CBS News
By
Updated on: August 3, 2026 / 2:33 PM EDT / CBS News
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June.
SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s stock price hovered around $110 on Monday, roughly 19% below the $135 per share offer price and 51% below the intraday high of $225.64 on June 16.
SpaceX is scheduled to release its financial results on Tuesday after financial markets close, followed by a call with market analysts.
“Wall Street analysts will focus on the hard numbers, but retail investors will be influenced by some of the sound bites” during the earnings call, Jay Ritter, an IPO expert and professor at the University of Florida’s Warrington College of Business, told CBS News in an email.
Here are three things to watch for when SpaceX releases its first earnings report.
Is revenue growth strong?
Investors will look at the pace of SpaceX’s revenue growth. The company booked $18.7 billion in revenue last year, but suffered a net loss of more than $4.9 billion, according to a regulatory filing.
Melissa Otto, head of Visible Alpha research at S&P Global, expects the company to report $6.9 billion in revenue in the second quarter, driven by its Starlink broadband satellite network. Gains from the connectivity business will help offset operating losses in the company’s space exploration and AI segments, she said in an analysis.
Analysts will focus in particular on Starlink’s subscriber growth and revenue. Nicolas Owens, an equity analyst at Morningstar covering SpaceX, expects subscriber growth of 93% in 2026, compared with 229% in 2025.
Is the AI business on the right track?
Another major question is whether SpaceX’s massive investment in artificial intelligence shows signs of paying off. In other words, can its AI business start to generate the revenue necessary to justify the company’s $1.4 trillion valuation?
In the first three months of 2026, SpaceX’s AI segment had revenue of $818 million, according to a securities filing. The division is focused on scaling AI compute infrastructure by sending data centers to space and enhancing the performance of Grok, the AI chatbot developed by xAI that SpaceX bought in February,
Investors will also assess SpaceX’s quarterly AI revenue for clues on how fast the business could grow. That includes plans for Cursor, the AI coding startup that SpaceX recently acquired, and how it figures into the future of Grok, Ritter said.
“If SpaceX can grow this part of its business, it could be an important source of revenue in the next few years, along with Starlink and terrestrial data centers,” he said in an email.
Can the stock regain momentum?
SpaceX’s first earnings report could affect its short-term stock price, which has slumped in part due to investor concerns about the company’s AI investment.
While investors will undoubtedly pay attention to the numbers in the earnings report, Dan Ives, partner and senior managing director at Yorkville Ives & Co., said sentiment will largely hinge on the tone and vision set by Elon Musk, the founder of SpaceX, on the earnings call.
“Investors are betting much more in the future, and [SpaceX needs] to give them near-term [targets] that they can hit to show the success, because the stock is based on the longer-term vision,” he told CBS News.
Another key test for the stock will come on Thursday, when more than 911 million SpaceX shares worth roughly $100 billion will be released as the lockup period ends.
Short sellers have already made more than $8 billion betting against Elon Musk’s rocket company, driving the stock price down, according to Ritter. However, some investors are expected to shift into buying mode when the lockup period expires, reducing volatility in the shares.
“Some of them will become buyers this week, soaking up shares that existing shareholders will be allowed to sell,” he said. “This short covering will reduce the drop that otherwise will be occurring on Thursday.”
Edited by Alain Sherter
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