New Delhi, Aug. 4 -- SpaceX faces its biggest test since its blockbuster IPO as investors await the company's first quarterly earnings report. After soaring in its trading debut, the stock has lost nearly half its peak value amid concerns over lofty valuations, mounting losses and heavy spending. The results, along with management's outlook on AI, Starlink and space ambitions, could determine whether investor confidence rebounds or weakens further.

Elon Musk's satellite, space, and artificial intelligence company went public at $135 per share in June.

The shares have been on a roller coaster ride ever since, shooting up to $225 in the first days of trading and then plunging below the offering price.

They closed Monday at $114.53, down ...