From Yahoo Finance, October 19:
While Wall Street was still in a state of disbelief late last week that Elon Musk made a flying Tesla (TSLA) Roadster, his SpaceX (SPCX) team came out with a not-so-small note on its investor relations page.
SpaceX earnings are coming out on Oct. 20 after the market close. The announcement was a surprise to many on the Street, as it's common practice for earnings release dates to be shared weeks in advance.
But there may be a few reasons behind SpaceX's rushed earnings date.
"Possible explanations include a desire to put updated financials on record ahead of further financing arrangements or share time-sensitive operational/strategic updates — either before counterparties do or to give the market time to digest the implications ahead of the sizeable lock-up releases (1.30 billion shares two days after earnings, 329 million on 10/24, and the remaining 857 million tranche of the 180-day group thereafter). Or the explanation could be as mundane as scheduling — it's just hard to know," said Evercore ISI analyst Kutgun Maral....
....MORE
Ahead of the opening bell the stock is trading down $1.23 (-0.83%) at $146.73.
I would assume the company didn't do this to release what could be perceived as bad news.
