Top Analyst Drops Last Minute Call on SpaceX Before Earnings - Yahoo Finance
SpaceX faces significant market pressure as a new analyst issues a 'Sell' rating ahead of quarterly earnings. Investors are concerned about the company's high cash burn in AI and Starship development alongside an upcoming share lock-up expiration.
Why it matters
As a major player in the private space and AI sectors, SpaceX's financial health and market valuation have broad implications for the tech and aerospace industries.
Top Analyst Drops Last Minute Call on SpaceX Before Earnings Moz Farooque ACCA Mon, August 3, 2026 at 1:53 PM EDT 2 min read SPCX +9.43% Trade SPCX on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
This article first appeared on GuruFocus .
SpaceX ( NASDAQ:SPCX ) faces a high-stakes double test this week as short sellers build a $24.6 billion position against the stock and Phillip Securities analyst Glenn Thum launches coverage with a Sell rating and $75 target. With first-quarterly results due Tuesday and a major share lock-up expiring Thursday, investors must decide whether Starlink's profits can support SpaceX's enormous AI and space ambitions.
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