SPCX fell about 7% after hours after GLJ Research’s Gordon Johnson warned of a $15.95B Q2 2026 free cash flow burn. He said the stock still trades at 77x sales,

BWB News TV • 2026-08-04 20:36 UTC • By Billy Odell Tucker-Robinson

SPCX fell about 7% after hours after GLJ Research’s Gordon Johnson warned of a $15.95B Q2 2026 free cash flow burn. He said the stock still trades at 77x sales, arguing its valuation remains disconnected from cash generation.

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