SPCX
Space Exploration Technologies Corp.
Price Chart
Latest Quote
$185.00
| Previous Close | $191.82 |
| Open | $188.41 |
| Day High | $189.90 |
| Day Low | $172.11 |
| Volume | 254,817,032 |
Stock Information
| Shares Outstanding | 7.57B |
| Total Debt | $30.60B |
| Cash Equivalents | $23.68B |
| Revenue | $19.30B |
| Net Income | $-9.36B |
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Market Cap | $2.44T |
| EPS (TTM) | $-0.67 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.18T |
| Sales | $19.30B |
| Income | $-9.36B |
| Book/sh | $5.96 |
| Cash/sh | $3.13 |
| Employees | 22K |
Financial Ratios
| Quick Ratio | 1.09 |
| Current Ratio | 1.22 |
| Debt/Eq | 73.60 |
Returns & Margins
| Gross Margin | 48.83% |
| Operating Margin | -41.63% |
| Profit Margin | -45.00% |
Ownership
| Insider Ownership | 18.74% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -2055.56 |
| P/S | 126.27 |
| P/B | 31.06 |
Analyst Data
| Recommendation | buy |
| Target Price | $187.80 |
Technical Indicators
| Shares Float | 246.06M |
Performance History
| YTD | +14.94% |
| 10 Years | +14.94% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $185.00 | 272,126,800 |
| 2026-06-17 | $191.82 | 201,719,500 |
| 2026-06-16 | $211.39 | 195,401,600 |
| 2026-06-15 | $192.50 | 256,226,600 |
| 2026-06-12 | $160.95 | 519,234,800 |
About Space Exploration Technologies Corp.
Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. The company's Connectivity segment operates a high-speed, low-latency broadband network powered by various Starlink satellites in low-earth orbit, delivering connectivity to various consumer, enterprise, and government customers through its Starlink offering. Its Space segment designs, manufactures, and launches reusable rockets to provide access to space. It offers launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon. The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise customers; X, a real-time information, entertainment, and free speech platform; and AI computational infrastructure. The company was founded in 2002 and is based in Starbase, Texas.
đ° Latest News
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Motley Fool âĸ 2026-06-19T17:20:00ZGoogle, SpaceX, Microsoft, and Amazon Are About to Spend âTwice the Entire U.S. Defense Budgetâ on AI
24/7 Wall St. âĸ 2026-06-19T17:19:02ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | |||
| Reconciled Cost Of Revenue | $9,451,000,000 | $7,996,000,000 | $6,110,000,000 |
| Cost Of Revenue | $9,451,000,000 | $7,996,000,000 | $6,110,000,000 |
| Total Revenue | $18,674,000,000 | $14,015,000,000 | $10,387,000,000 |
| Operating Revenue | $18,674,000,000 | $14,015,000,000 | $10,387,000,000 |
| Expenses | |||
| Interest Expense | $1,945,000,000 | $1,580,000,000 | $1,693,000,000 |
| Total Expenses | $20,738,000,000 | $13,273,000,000 | $9,880,000,000 |
| Other Income Expense | $-702,000,000 | $709,000,000 | $-4,054,000,000 |
| Other Non Operating Income Expenses | $-177,000,000 | $985,000,000 | $-42,000,000 |
| Net Non Operating Interest Income Expense | $-1,453,000,000 | $-1,209,000,000 | $-1,444,000,000 |
| Interest Expense Non Operating | $1,945,000,000 | $1,580,000,000 | $1,693,000,000 |
| Operating Expense | $11,287,000,000 | $5,277,000,000 | $3,770,000,000 |
| Income & Earnings | |||
| Net Income From Continuing Operation Net Minority Interest | $-4,937,000,000 | $791,000,000 | $-4,628,000,000 |
| Net Interest Income | $-1,453,000,000 | $-1,209,000,000 | $-1,444,000,000 |
| Interest Income | $492,000,000 | $371,000,000 | $249,000,000 |
| Normalized Income | $-4,522,250,000 | $1,009,040,000 | $-907,796,434 |
| Net Income From Continuing And Discontinued Operation | $-4,937,000,000 | $791,000,000 | $-4,628,000,000 |
| Total Operating Income As Reported | $-2,589,000,000 | $466,000,000 | $-3,505,000,000 |
| Net Income Common Stockholders | $-4,937,000,000 | $21,000,000 | $-4,628,000,000 |
| Net Income | $-4,937,000,000 | $791,000,000 | $-4,628,000,000 |
| Net Income Including Noncontrolling Interests | $-4,937,000,000 | $791,000,000 | $-4,628,000,000 |
| Net Income Continuous Operations | $-4,937,000,000 | $791,000,000 | $-4,628,000,000 |
| Pretax Income | $-4,219,000,000 | $242,000,000 | $-4,991,000,000 |
| Special Income Charges | $-525,000,000 | $-276,000,000 | $-4,012,000,000 |
| Interest Income Non Operating | $492,000,000 | $371,000,000 | $249,000,000 |
| Operating Income | $-2,064,000,000 | $742,000,000 | $507,000,000 |
| Gross Profit | $9,223,000,000 | $6,019,000,000 | $4,277,000,000 |
| Per Share | |||
| Diluted EPS | $-0.51 | $0.00 | $-0.44 |
| Basic EPS | $-0.51 | $0.00 | $-0.44 |
| Other | |||
| Tax Effect Of Unusual Items | $-110,250,000 | $-57,960,000 | $-291,796,434 |
| Tax Rate For Calcs | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $4,952,000,000 | $5,922,000,000 | $3,349,000,000 |
| Total Unusual Items | $-525,000,000 | $-276,000,000 | $-4,012,000,000 |
| Total Unusual Items Excluding Goodwill | $-525,000,000 | $-276,000,000 | $-4,012,000,000 |
| Reconciled Depreciation | $6,701,000,000 | $3,824,000,000 | $2,635,000,000 |
| EBITDA (Bullshit earnings) | $4,427,000,000 | $5,646,000,000 | $-663,000,000 |
| EBIT | $-2,274,000,000 | $1,822,000,000 | $-3,298,000,000 |
| Diluted Average Shares | $9,649,000,000 | $10,607,000,000 | $10,607,000,000 |
| Basic Average Shares | $9,649,000,000 | $10,607,000,000 | $10,607,000,000 |
| Diluted NI Availto Com Stockholders | $-4,937,000,000 | $21,000,000 | $-4,628,000,000 |
| Otherunder Preferred Stock Dividend | $0 | $690,000,000 | $0 |
| Tax Provision | $718,000,000 | $-549,000,000 | $-363,000,000 |
| Impairment Of Capital Assets | $38,000,000 | $63,000,000 | $3,775,000,000 |
| Restructuring And Mergern Acquisition | $487,000,000 | $213,000,000 | $237,000,000 |
| Research And Development | $8,643,000,000 | $3,464,000,000 | $2,105,000,000 |
| Selling General And Administration | $2,644,000,000 | $1,813,000,000 | $1,665,000,000 |
| Preferred Stock Dividends | - | $80,000,000 | - |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Assets | ||
| Net Tangible Assets | $26,342,000,000 | $10,719,000,000 |
| Total Assets | $92,079,000,000 | $57,062,000,000 |
| Total Non Current Assets | $61,116,000,000 | $40,950,000,000 |
| Other Non Current Assets | $2,130,000,000 | $2,336,000,000 |
| Non Current Deferred Assets | $141,000,000 | $696,000,000 |
| Non Current Deferred Taxes Assets | $141,000,000 | $696,000,000 |
| Goodwill And Other Intangible Assets | $14,983,000,000 | $15,085,000,000 |
| Other Intangible Assets | $3,174,000,000 | $3,956,000,000 |
| Current Assets | $30,952,000,000 | $16,108,000,000 |
| Other Current Assets | $590,000,000 | $371,000,000 |
| Restricted Cash | $182,000,000 | $23,000,000 |
| Prepaid Assets | $597,000,000 | $0 |
| Inventory | $2,416,000,000 | $2,003,000,000 |
| Receivables | $2,420,000,000 | $1,526,000,000 |
| Other Receivables | $223,000,000 | $314,000,000 |
| Taxes Receivable | $618,000,000 | $160,000,000 |
| Accounts Receivable | $1,579,000,000 | $1,052,000,000 |
| Allowance For Doubtful Accounts Receivable | $-39,000,000 | $-119,000,000 |
| Gross Accounts Receivable | $1,618,000,000 | $1,171,000,000 |
| Cash Cash Equivalents And Short Term Investments | $24,747,000,000 | $12,185,000,000 |
| Cash And Cash Equivalents | $24,747,000,000 | $11,385,000,000 |
| Cash Equivalents | $21,339,000,000 | $7,520,000,000 |
| Cash Financial | $3,408,000,000 | $3,865,000,000 |
| Debt | ||
| Total Debt | $23,318,000,000 | $14,175,000,000 |
| Long Term Debt And Capital Lease Obligation | $21,968,000,000 | $13,421,000,000 |
| Long Term Debt | $21,968,000,000 | $13,421,000,000 |
| Current Debt And Capital Lease Obligation | $1,350,000,000 | $754,000,000 |
| Current Debt | $928,000,000 | $372,000,000 |
| Other Current Borrowings | $928,000,000 | $372,000,000 |
| Net Debt | - | $2,408,000,000 |
| Liabilities | ||
| Total Liabilities Net Minority Interest | $50,754,000,000 | $31,258,000,000 |
| Total Non Current Liabilities Net Minority Interest | $29,354,000,000 | $19,467,000,000 |
| Other Non Current Liabilities | $1,381,000,000 | $1,365,000,000 |
| Non Current Deferred Liabilities | $6,005,000,000 | $4,681,000,000 |
| Current Liabilities | $21,400,000,000 | $11,791,000,000 |
| Other Current Liabilities | $846,000,000 | $530,000,000 |
| Current Deferred Liabilities | $6,111,000,000 | $5,498,000,000 |
| Payables And Accrued Expenses | $13,093,000,000 | $5,009,000,000 |
| Interest Payable | $416,000,000 | $118,000,000 |
| Payables | $12,355,000,000 | $4,525,000,000 |
| Total Tax Payable | $563,000,000 | $112,000,000 |
| Accounts Payable | $11,792,000,000 | $4,413,000,000 |
| Equity | ||
| Common Stock Equity | $2,573,000,000 | $4,863,000,000 |
| Preferred Stock Equity | $38,752,000,000 | $20,941,000,000 |
| Total Equity Gross Minority Interest | $41,325,000,000 | $25,804,000,000 |
| Stockholders Equity | $41,325,000,000 | $25,804,000,000 |
| Gains Losses Not Affecting Retained Earnings | $1,898,000,000 | $1,093,000,000 |
| Other Equity Adjustments | $1,898,000,000 | $1,093,000,000 |
| Retained Earnings | $-37,035,000,000 | $-32,098,000,000 |
| Preferred Securities Outside Stock Equity | $38,752,000,000 | $20,941,000,000 |
| Other | ||
| Ordinary Shares Number | $13,075,865,175 | $13,075,865,175 |
| Share Issued | $13,075,865,175 | $13,075,865,175 |
| Tangible Book Value | $-12,410,000,000 | $-10,222,000,000 |
| Invested Capital | $25,469,000,000 | $18,656,000,000 |
| Working Capital | $9,552,000,000 | $4,317,000,000 |
| Capital Lease Obligations | $422,000,000 | $382,000,000 |
| Total Capitalization | $63,293,000,000 | $39,225,000,000 |
| Additional Paid In Capital | $37,706,000,000 | $35,865,000,000 |
| Capital Stock | $38,756,000,000 | $20,944,000,000 |
| Common Stock | $4,000,000 | $3,000,000 |
| Preferred Stock | $38,752,000,000 | $20,941,000,000 |
| Non Current Deferred Revenue | $6,005,000,000 | $4,681,000,000 |
| Current Deferred Revenue | $6,111,000,000 | $5,498,000,000 |
| Current Capital Lease Obligation | $422,000,000 | $382,000,000 |
| Current Accrued Expenses | $738,000,000 | $484,000,000 |
| Goodwill | $11,809,000,000 | $11,129,000,000 |
| Net PPE | $43,862,000,000 | $22,833,000,000 |
| Accumulated Depreciation | $-12,701,000,000 | $-7,540,000,000 |
| Gross PPE | $56,563,000,000 | $30,373,000,000 |
| Leases | $784,000,000 | $1,019,000,000 |
| Construction In Progress | $4,604,000,000 | $3,007,000,000 |
| Other Properties | $26,914,000,000 | $8,802,000,000 |
| Machinery Furniture Equipment | $19,981,000,000 | $14,511,000,000 |
| Land And Improvements | $4,280,000,000 | $3,034,000,000 |
| Properties | $0 | $0 |
| Finished Goods | $583,000,000 | $350,000,000 |
| Work In Process | $803,000,000 | $730,000,000 |
| Raw Materials | $1,030,000,000 | $923,000,000 |
| Other Short Term Investments | $0 | $800,000,000 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Free Cash Flow | |||
| Free Cash Flow | $-14,121,000,000 | $-5,387,000,000 | $105,000,000 |
| Operating Activities | |||
| Operating Cash Flow | $6,785,000,000 | $5,776,000,000 | $4,520,000,000 |
| Cash Flow From Continuing Operating Activities | $6,785,000,000 | $5,776,000,000 | $4,520,000,000 |
| Operating Gains Losses | $112,000,000 | $-955,000,000 | - |
| Investing Activities | |||
| Capital Expenditure | $-20,906,000,000 | $-11,163,000,000 | $-4,415,000,000 |
| Investing Cash Flow | $-19,575,000,000 | $-10,796,000,000 | $-4,867,000,000 |
| Cash Flow From Continuing Investing Activities | $-19,575,000,000 | $-10,796,000,000 | $-4,867,000,000 |
| Net Other Investing Changes | $23,000,000 | $4,000,000 | $19,000,000 |
| Capital Expenditure Reported | $-169,000,000 | $0 | $0 |
| Financing Activities | |||
| Repurchase Of Capital Stock | $-1,125,000,000 | $-1,021,000,000 | $-170,000,000 |
| Issuance Of Capital Stock | $18,807,000,000 | $13,101,000,000 | $774,000,000 |
| Financing Cash Flow | $26,350,000,000 | $11,830,000,000 | $422,000,000 |
| Cash Flow From Continuing Financing Activities | $26,350,000,000 | $11,830,000,000 | $422,000,000 |
| Net Other Financing Charges | $-562,000,000 | $-243,000,000 | $-211,000,000 |
| Net Preferred Stock Issuance | $-1,125,000,000 | $-1,021,000,000 | $-170,000,000 |
| Net Common Stock Issuance | $17,682,000,000 | $12,080,000,000 | $604,000,000 |
| Common Stock Issuance | $18,807,000,000 | $13,101,000,000 | $774,000,000 |
| Other | |||
| Repayment Of Debt | $-7,153,000,000 | $-231,000,000 | $-112,000,000 |
| Issuance Of Debt | $16,055,000,000 | $0 | $0 |
| Interest Paid Supplemental Data | $1,476,000,000 | $1,500,000,000 | $1,365,000,000 |
| Income Tax Paid Supplemental Data | $154,000,000 | $134,000,000 | $45,000,000 |
| End Cash Position | $25,124,000,000 | $11,501,000,000 | $4,690,000,000 |
| Beginning Cash Position | $11,501,000,000 | $4,690,000,000 | $4,617,000,000 |
| Effect Of Exchange Rate Changes | $63,000,000 | $1,000,000 | $-2,000,000 |
| Changes In Cash | $13,560,000,000 | $6,810,000,000 | $75,000,000 |
| Proceeds From Stock Option Exercised | $328,000,000 | $224,000,000 | $141,000,000 |
| Preferred Stock Payments | $-1,125,000,000 | $-1,021,000,000 | $-170,000,000 |
| Common Stock Payments | $-1,125,000,000 | $-1,021,000,000 | $-170,000,000 |
| Net Issuance Payments Of Debt | $8,902,000,000 | $-231,000,000 | $-112,000,000 |
| Net Long Term Debt Issuance | $8,902,000,000 | $-231,000,000 | $-112,000,000 |
| Long Term Debt Payments | $-7,153,000,000 | $-231,000,000 | $-112,000,000 |
| Long Term Debt Issuance | $16,055,000,000 | $0 | $0 |
| Net Investment Purchase And Sale | $1,394,000,000 | $363,000,000 | $-471,000,000 |
| Sale Of Investment | $2,005,000,000 | $3,905,000,000 | $3,064,000,000 |
| Purchase Of Investment | $-611,000,000 | $-3,542,000,000 | $-3,535,000,000 |
| Net Business Purchase And Sale | $-86,000,000 | $0 | $0 |
| Purchase Of Business | $-86,000,000 | $0 | $0 |
| Net PPE Purchase And Sale | $-20,737,000,000 | $-11,163,000,000 | $-4,415,000,000 |
| Purchase Of PPE | $-20,737,000,000 | $-11,163,000,000 | $-4,415,000,000 |
| Change In Working Capital | $2,089,000,000 | $1,673,000,000 | $2,006,000,000 |
| Change In Other Working Capital | $1,929,000,000 | $1,876,000,000 | $1,695,000,000 |
| Change In Other Current Liabilities | $1,080,000,000 | $309,000,000 | $-223,000,000 |
| Change In Payables And Accrued Expense | $709,000,000 | $472,000,000 | $220,000,000 |
| Change In Payable | $709,000,000 | $472,000,000 | $220,000,000 |
| Change In Account Payable | $709,000,000 | $472,000,000 | $220,000,000 |
| Change In Prepaid Assets | $-673,000,000 | $-328,000,000 | $41,000,000 |
| Change In Inventory | $-413,000,000 | $-309,000,000 | $-72,000,000 |
| Change In Receivables | $-543,000,000 | $-347,000,000 | $345,000,000 |
| Changes In Account Receivables | $-543,000,000 | $-347,000,000 | $345,000,000 |
| Other Non Cash Items | $159,000,000 | $199,000,000 | $426,000,000 |
| Stock Based Compensation | $1,947,000,000 | $784,000,000 | $679,000,000 |
| Asset Impairment Charge | $88,000,000 | $135,000,000 | $3,811,000,000 |
| Deferred Tax | $626,000,000 | $-675,000,000 | $-409,000,000 |
| Deferred Income Tax | $626,000,000 | $-675,000,000 | $-409,000,000 |
| Depreciation Amortization Depletion | $6,701,000,000 | $3,824,000,000 | $2,635,000,000 |
| Depreciation And Amortization | $6,701,000,000 | $3,824,000,000 | $2,635,000,000 |
| Amortization Cash Flow | $786,000,000 | $847,000,000 | $738,000,000 |
| Amortization Of Intangibles | $786,000,000 | $847,000,000 | $738,000,000 |
| Depreciation | $5,915,000,000 | $2,977,000,000 | $1,897,000,000 |
| Gain Loss On Sale Of PPE | $112,000,000 | $-955,000,000 | $0 |
| Net Income From Continuing Operations | $-4,937,000,000 | $791,000,000 | $-4,628,000,000 |