SpaceX earnings: Live updates

SpaceX (SPCX) will report highly anticipated third quarter results on Tuesday after the bell, only its second report as a public company. The report comes as the stock has recovered in recent weeks.After shedding nearly 30% after its $150 market debut in its first few weeks as a public company, SpaceX stock recovered in Q3 and is now trading around its debut price.As for the quarter itself, SpaceX is expected to report Q3 revenue of $12.7 billion per Bloomberg consensus, up sequentially from the $7.8 billion in Q2. SpaceX is expected to post adjusted EPS of $0.15, with adjusted EBITDA of $6.59 billion.Key to SpaceX's quarterly results is what happens in its AI unit, now called SpaceXSI. Last quarter, the unit posted an operating loss of $1.26 billion versus estimates of $2.39 billion, with AI spending ballooning to $15.8 billion in the quarter, larger than expected and much higher than the $7.7 billion spent in Q1.The concern is that this AI spending keeps ballooning as SpaceX continues investing in data centers like Colossus and AI products like Grok and its agent, Grok Bot, and whether the company can secure the financing it needs to sustain infrastructure spending."Need for additional financing remains a key overhang for sentiment, especially given the recent neocloud debt saga," Morgan Stanley analyst Adam Jonas wrote in a note published on Monday. "This is the biggest risk to our model, and we do not want to downplay it — although a hypothetical world where SpaceX cannot raise financing likely has much broader implications for the economy and the rest of an investor's portfolio."Read more.