On August 7, 2026, SpaceX (SPCX) surged 15.83% following its first quarterly earnings report since going public, which showed a 92% year-over-year revenue increase to $7.81 billion in Q2 2026. The company reported a narrower loss per share of $0.09, beating the anticipated $0.26 loss. The AI division’s revenue more than tripled, while Starlink grew revenue by 66%. Management targeted a $100 billion annual revenue run rate by the end of 2026 and $1 trillion by 2030. On the same day, SpaceX announced a $16.8 billion joint investment with Tesla to build a Terafab artificial intelligence semiconductor factory in Texas. The first post-IPO lockup expiration on August 6, 2026, unlocked approximately 911.5 million shares but did not trigger a sell-off. Argus Research raised SpaceX to a 'Buy' rating with a $160 price target, Bernstein increased its price target from $239 to $248, Citi maintained its 'Buy' rating with a $200 target, and Morgan Stanley’s Adam Jonas described SpaceX as a 'potential generational compounder.'