I think the market has become too pessimistic. After five consecutive weeks of selling, much of the bad news—including the lockup expiration—has likely already been priced in.
The key isn't just the headline numbers, but management's guidance. If SpaceX reports solid Starlink growth, provides encouraging updates on AI and Starship, and outlines a clear long-term roadmap, investor confidence could recover quickly.
I also believe the recent selloff has lowered expectations to a level where even a modest beat could have a meaningful impact on the stock. If management demonstrates that AI investments are beginning to generate stronger commercial returns, it could become the next catalyst for a re-rating.
With expectations already low and short interest still elevated, a positive earnings surprise could trigger a strong rebound and even a short squeeze.
Comments