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SpaceX Shares Edge Higher Ahead of Debut Earnings Report After Securing $1.6B Space Force Contract
['Mike Clair']
International Business Times Australia
Shares of Space Exploration Technologies Corp. rose in early trading Monday as investors positioned ahead of the company's first earnings report as a public company.
Space Force officials noted the latest deal moved from initiation to award in just two months, underscoring the company's operational tempo.
The company recently completed its 13th Starship flight test, which included a successful soft splashdown and deployment of Starlink satellites.
Investors are closely watching the Aug. 4 report for updates on Starlink subscriber growth, launch cadence, Starship progress and the pace of AI revenue recognition.
A substantial block of shares becomes eligible for sale around Aug. 6, two days after the earnings release.