Investing.com - SpaceX reports its first quarterly results as a public company after Tuesday's close, with analysts forecasting $6.88 billion in Q2 revenue against a loss of $0.23 per share, according to FactSet consensus. The AI capex questionThat capex program is the central stress test for the bull case. Total Q2 capital expenditure is forecast at $14.05 billion, with the AI segment alone absorbing $10.2 billion, more than six times the year-ago level, per LSEG and Visible Alpha data. Against that backdrop, AI segment revenue is only expected to nearly triple to $2.33 billion in Q2 from $818 million in Q1, leaving a substantial funding gap. Whether the Anthropic, Google, and Reflection AI compute deals will be fully reflected in Q2 revenue recognition is not yet known and will likely be the most closely watched disclosure on Tuesday's earnings call.