We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Welcome to Episode #494 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, is joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey went solo to discuss shares of Space Exploration Technologies Corp. (SPCX - Free Report) , otherwise known as “SpaceX,” the Elon Musk managed space technology company.
It went public on June 12, 2026, in the largest IPO in history.
The shares soared in the first several days but have now moved lower and are down 25.2% since the IPO.
Is this a buying opportunity in SpaceX?
Analysts Weigh in Ahead of SpaceX’s First Public Earnings Report
The analysts have now weighed in ahead of SpaceX’s first publicly traded earnings report on Aug 4, 2026.
For the quarter, Zacks has 9 analyst earnings estimates. The Zacks Consensus is looking for a loss of $0.26.
The most accurate estimate is looking for a loss of $0.28. This is the most recent estimate and is more bearish.
For the full year 2026, Zacks also has 9 estimates. The Zacks Consensus is looking for a loss of $0.64. The most accurate estimate is more bullish, however, at a loss of $0.46.
For the full year 2027, Zacks also has 9 estimates. But the analysts are more bullish with a turnaround in earnings to the positive with a Zacks Consensus of $0.63. The most accurate estimate is even better at $0.82.
Remember, earnings estimates will be changing throughout the year.
SpaceX currently is a Zacks Rank #3 (Hold). The Zacks Rank is a short-term recommendation of 1 to 3 months. It’s based on changes to analyst earnings estimates.
What About Buying Tesla Instead?
There are many rumors that SpaceX may buy Tesla, or Tesla may buy SpaceX, or that they will merge in some manner.
Should investors just buy Tesla, Inc. (TSLA - Free Report) instead of SpaceX?
Tesla has already reported its second quarter 2026 earnings. It missed on the estimate by $0.17, reporting $0.33 versus the Zacks Consensus of $0.50.
The analysts are bearish on Tesla for 2026. Nine estimates have been cut in the last week, pushing the 2026 Zacks Consensus Estimate down to $1.80 from $2.13 in that time.
The most accurate estimate for 2026 is even more bearish at $1.75.
That is still earnings growth of 8.4% as Tesla made $1.66 last year, but the Zacks Consensus is going the wrong way.
Tesla is now a Zacks Rank #4 (Sell) stock as the analysts have cut estimates but have not raised them.
What Else Should You Know About Buying SpaceX Shares on the Plunge?
View the Zacks #1 Rank List
Image: Bigstock
SpaceX Stock Has Plunged: Buy it Now?
Key Takeaways
Welcome to Episode #494 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, is joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey went solo to discuss shares of Space Exploration Technologies Corp. (SPCX - Free Report) , otherwise known as “SpaceX,” the Elon Musk managed space technology company.
It went public on June 12, 2026, in the largest IPO in history.
The shares soared in the first several days but have now moved lower and are down 25.2% since the IPO.
Is this a buying opportunity in SpaceX?
Analysts Weigh in Ahead of SpaceX’s First Public Earnings Report
The analysts have now weighed in ahead of SpaceX’s first publicly traded earnings report on Aug 4, 2026.
For the quarter, Zacks has 9 analyst earnings estimates. The Zacks Consensus is looking for a loss of $0.26.
The most accurate estimate is looking for a loss of $0.28. This is the most recent estimate and is more bearish.
For the full year 2026, Zacks also has 9 estimates. The Zacks Consensus is looking for a loss of $0.64. The most accurate estimate is more bullish, however, at a loss of $0.46.
For the full year 2027, Zacks also has 9 estimates. But the analysts are more bullish with a turnaround in earnings to the positive with a Zacks Consensus of $0.63. The most accurate estimate is even better at $0.82.
Remember, earnings estimates will be changing throughout the year.
SpaceX currently is a Zacks Rank #3 (Hold). The Zacks Rank is a short-term recommendation of 1 to 3 months. It’s based on changes to analyst earnings estimates.
What About Buying Tesla Instead?
There are many rumors that SpaceX may buy Tesla, or Tesla may buy SpaceX, or that they will merge in some manner.
Should investors just buy Tesla, Inc. (TSLA - Free Report) instead of SpaceX?
Tesla has already reported its second quarter 2026 earnings. It missed on the estimate by $0.17, reporting $0.33 versus the Zacks Consensus of $0.50.
The analysts are bearish on Tesla for 2026. Nine estimates have been cut in the last week, pushing the 2026 Zacks Consensus Estimate down to $1.80 from $2.13 in that time.
The most accurate estimate for 2026 is even more bearish at $1.75.
That is still earnings growth of 8.4% as Tesla made $1.66 last year, but the Zacks Consensus is going the wrong way.
Tesla is now a Zacks Rank #4 (Sell) stock as the analysts have cut estimates but have not raised them.
What Else Should You Know About Buying SpaceX Shares on the Plunge?
Tune into this week’s podcast to find out.