SpaceX heads into first earnings report. Here are 5 things Wall Street is watching

SpaceX is set to report its first quarterly earnings as a publicly traded company after Tuesday's market close, marking a major milestone following its blockbuster June IPO. Investors will scrutinise whether the company can justify its lofty valuation after the stock's sharp post-listing decline. (Sources: Investopedia, CNBC, Axios, TradingView, The Daily Upside)

While SpaceX remains synonymous with rockets and satellites, analysts say its AI operations are expected to be the biggest earnings driver. Wall Street is looking for strong AI-related revenue growth, updates on data centre demand and commentary on future capital spending.

Just two days after earnings, a massive insider lock-up is scheduled to expire, making more than 900 million shares eligible for trading. Investors fear a wave of insider selling could add pressure to a stock that has already fallen sharply since its post-IPO peak.

Beyond the headline numbers, investors want reassurance on AI profitability, capital expenditure plans, Starlink's growth trajectory and progress on Starship. Management's outlook could prove more influential than the quarterly results themselves.

Analyst opinions remain divided. Some believe the recent selloff and lock-up uncertainty could create a buying opportunity for long-term investors, while others warn that valuation concerns and insider selling may keep the stock under pressure in the near term.