CNBC SpaceX reports first quarterly results on Tuesday: Here's what to watch for

That's right. Stratospheric milestones for SpaceX. Well, let's start here. So when the first stock lockup expires lockup expires on Thursday, I've got 911 million shares owned by about 20% of insiders and early investors become eligible to sell. In perspective, SpaceX sold 629 million shares, or less than 5% of shares outstanding in the IPO. That's just the first wave. Through the end of September is poised to triple. Supply will continue to swell until next June. According to Morningstar, share total could climb to, at least in theory, more than 6.4 billion shares. Now, this is one reason that SpaceX shares have tumbled about 20%. We've bounced back from that today here from the IPO price down more than 50% from the intraday high, Wall Street is betting that this continues. S3 Partners says short sellers now holds 32% of the company's current publicly tradable float. that on CNBC Pro. But in the meantime, first earnings that happens tomorrow after the bell. And here is with that report. Starlink results, capex plans and guidance for Starship after a successful 13th test flight, Starship is really key growth plans, including those data centers in space. How much do Starlink subscriber growth, neocloud deals of Anthropic and Google, and multi-billion dollar government contracts offset the cash burn associated with the AI buildout. That will be the key that investors are looking to have answered by Elon Musk and co tomorrow night.