Space Exploration Technologies Corp. (SPCX) Stock: Price, Forecast & Analyst Target
Space Exploration Technologies Corp. (SPCX) — MoonshotScore 36/100 (Weak band), calculated Oct 4, 2026. Price $158.96 (+7.35%), as of the Oct 2, 2026 trading session; market cap $2.10T.
Educational signal · not a buy or sell recommendation · How to read this
Space Exploration Technologies Corp. · SPCX · NASDAQ · Industrials · Aerospace & Defense
Research dated 2026-09-12: SpaceX combines reusable launch vehicles and spacecraft with Starlink broadband and Starshield government services, selling missions, connectivity, and specialized satellite capability rather than merely rockets. The deciding issue is whether expanding service and launch revenue can outrun the research and capital program well enough to turn scale into durable free cash generation.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Space Exploration Technologies (SPCX)
WeakWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
A fortress balance sheet, but weak quality and an expensive valuation. Business Quality: Thin; Financial Safety: Fortress; Valuation: Bubble; Growth Durability: Flat; Momentum: Quiet.
- quarterly revenue $7.81B (Q2 FY2026, quarter ended Jun 30, 2026)
- ROE -7.6% · ROA -2.8% · current ratio 5.12 · earnings yield -0.6% · free-cash-flow yield -1.4%
Holding back: weak fundamentals, a rich price
Helping: balance-sheet strength
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 36 | Weak | |
| 36 | Weak | |
| 36 | Weak | |
| 36 | Weak | |
| 36 | Weak | |
| 36 | Weak |
The score was 36 in the stored Oct 3, 2026 snapshot and remains 36 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Momentum +1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value |
|---|---|
| Latest provided price | $158.96 |
| Change on the day | +7.35% |
| 52-week range | $104.83–$225.64 |
| Market capitalisation | $2.10T |
| Price / earnings (trailing) | 126.13 |
| Shares traded on the day | 119.27M |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Management outlook
We believe this puts us on a trajectory, including contribution from Cursor, to reach $100 billion of ARR or annualized revenue run rate by the end of this year based on our expected revenue in the month of December of this year.
Bret Johnsen · Statement from
We expect to end this year at over 2 gigawatts of compute capacity.
Bret Johnsen · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations can change.
Read management statementsOther perspectives
Council score for Space Exploration Technologies (SPCX): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
9-Factor Breakdown
Legends Council
6 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Jul 16, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Jul 16, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 4, 2026, except a card that shows its own read date.
Watch the SPCX film — every key number, told as a short cinematic story
~2 min · open the film
What is Space Exploration Technologies (SPCX), and what does it report?
Short answer · as of
Launch customers buy payload, cargo, crew, rideshare, research, and private-flight missions; Starlink customers buy broadband; government users can also buy Starshield sensing, communications, satellite-bus, and national-security launch services.
Research dated 2026-09-12.
Launch customers buy payload, cargo, crew, rideshare, research, and private-flight missions; Starlink customers buy broadband; government users can also buy Starshield sensing, communications, satellite-bus, and national-security launch services. SpaceX therefore resembles a vertically integrated transport-and-network operator more than a conventional aerospace manufacturer: reusable vehicles support customer missions while also deploying the infrastructure behind its connectivity business.
Reported revenue combines these activities, while gross profit captures their economics before heavy research and administrative spending. Operating cash flow and capital expenditure then expose the gap between accounting progress and the cash required to build vehicles and network capacity.
What do the latest results show for Space Exploration Technologies (SPCX)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $7.81B.
Research dated 2026-09-12.
Latest reported revenue rose sharply from the preceding period and from the comparable earlier period. Gross profit expanded, the operating loss nearly disappeared after a deep setback, and the net loss contracted; reported revenue and the per-share loss also came in better than the available expectations.
The improvement shows better cost absorption at the reported level, not yet durable profitability: research spending remained elevated and the operating result was still negative, whereas the earlier comparison had been slightly positive. Management separately described a much higher annualized revenue trajectory and expanding compute capacity, making reported revenue conversion and cash use the practical tests of that outlook.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $7.81B Jun 30, 2026
- Latest quarter · R&D
- $3.55B Jun 30, 2026
- Latest quarter · SG&A
- $912.00M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- −$143.00M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $7.81B | $3.55B | $912.00M | −$143.00M |
| Mar 31, 2026 | $4.69B | $3.51B | $746.00M | −$1.94B |
| Jun 30, 2025 | $4.07B | $1.96B | $606.00M | −$970.00M |
| Mar 31, 2025 | $4.07B | $1.56B | $493.00M | $27.00M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $7.81B Aug 4, 2026
- Latest report · revenue estimate
- $6.83B Aug 4, 2026
- Latest report · revenue vs estimate
- Above estimate Aug 4, 2026
- Latest report · EPS vs estimate
- Above estimate Aug 4, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 4, 2026 | $7.81B | $6.83B | −$0.0900 | −$0.2255 |
| May 20, 2026 | $4.69B | Not available | −$1.1900 | Not available |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $7.81B | -$541M | -$0.09 (diluted) |
| Q1 FY2026 | $4.69B | -$4.28B | -$1.27 (diluted) |
| Q2 FY2025 | $4.07B | -$1.01B | -$0.34 (diluted) |
| Q1 FY2025 | $4.07B | -$528M | -$0.18 (diluted) |
What are the financial strengths and risks for Space Exploration Technologies (SPCX)?
Short answer
Cash and short-term investments were $100.01B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $2.42B for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Liquidity is substantial: cash and short-term investments exceed debt, short-term ratios are strong, and the runway estimate leaves meaningful time at the recent burn rate. The protection is not the same as self-funding, however. Operating cash flow is positive and improving, but capital expenditure overwhelms it, leaving free cash flow negative.
The cash balance also jumped alongside recent equity and debt financing activity, so headline liquidity should be read together with dilution and leverage. A slowdown in launches or broadband adoption would be especially painful if research and infrastructure commitments remain high, because the current valuation assumes exceptional scaling while trailing margins and returns remain negative.
Data-derived red flags
- Negative return on equity (-7.6%) — the business is not currently generating profit on shareholder capital.
- Rich valuation — a P/E of 126.13 runs well above the Industrials sector’s ~29.50x, leaving little room for a miss.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $2.42B Jun 30, 2026
- Previous quarter · operating cash flow
- $1.05B Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $2.42B | −$18.37B |
| Mar 31, 2026 | $1.05B | −$10.11B |
| Mar 31, 2025 | $727.00M | −$4.14B |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Space Exploration Technologies (SPCX)?
Short answer · as of
Current published price targets run low $75.00 · high $450.00 · consensus $209.37 · median $210.00 against a quoted price of $158.96 (as of Oct 2, 2026).
Research dated 2026-09-12.
Watch whether revenue holds its latest pace while gross profit continues to cover more of research and administrative expense; an operating result that repeatedly approaches break-even would be more informative than an isolated rebound. Next, compare operating cash inflow with capital spending and the cash balance: a narrowing gap would show that vehicle and network investment is becoming less dependent on financing.
Management's annualized revenue and compute-capacity claims need to appear in reported revenue, operating leverage, and cash conversion. The unusually broad range of outside revenue estimates reinforces that execution, not the midpoint, is the useful signal.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
We believe this puts us on a trajectory, including contribution from Cursor, to reach $100 billion of ARR or annualized revenue run rate by the end of this year based on our expected revenue in the month of December of this year.
Bret Johnsen ·
We expect to end this year at over 2 gigawatts of compute capacity.
Bret Johnsen ·
What the records here don't tell us
- The next earnings date is not yet scheduled in the calendar we read.
- No Altman Z or Piotroski screen is held for this filer.
Checked against the records this page reads, on the dates shown above.
How does Space Exploration Technologies compare with its peers?
Short answer
Space Exploration Technologies's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-12.
Pure launch companies sell mission capacity, while satellite broadband operators sell access to a network they must keep replenishing. SpaceX joins those economics: its reusable launch system serves customers and can deploy Starlink, while Dragon, Starship, rideshare missions, and research flights broaden the payload and mission mix.
Relative to a traditional defense contractor, consumer and commercial broadband matter directly; relative to a telecom operator, rockets, spacecraft, flight tests, and government missions drive capital needs. Starshield adds a national-security service layer, so the comparison set spans launch, communications, and defense rather than fitting cleanly inside aerospace manufacturing.
| Company | Price | Market value | Score |
|---|---|---|---|
| $330.09 Oct 2, 2026 | $89.3B | 75 5-pillar Oct 4, 2026 | |
| $302.45 Oct 2, 2026 | $42.1B | 74 5-pillar Oct 4, 2026 | |
| $505.41 Oct 2, 2026 | $117B | 73 5-pillar Oct 4, 2026 | |
| $545.64 Oct 2, 2026 | $20.2B | 72 5-pillar Oct 4, 2026 | |
| $331.62 Oct 2, 2026 | $19.8B | 69 5-pillar Oct 4, 2026 | |
| $144.34 Oct 2, 2026 | $22.8B | 67 5-pillar Oct 4, 2026 | |
| $309.56 Oct 2, 2026 | $321B | 67 5-pillar Oct 4, 2026 | |
| $184.68 Oct 2, 2026 | $249B | 67 5-pillar Oct 4, 2026 | |
| $696.23 Oct 2, 2026 | $32.6B | 67 5-pillar Oct 4, 2026 | |
| $1090.38 Oct 2, 2026 | $61.0B | 66 5-pillar Oct 4, 2026 | |
| $478.00 Oct 2, 2026 | $67.9B | 65 5-pillar Oct 4, 2026 | |
| $236.60 Oct 2, 2026 | $44.1B | 61 5-pillar Oct 4, 2026 | |
| Space Exploration Technologies (SPCX) — this page | $158.96 | $2.10T | 36 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $75.00 – $450.00
- Consensus target
- $209.37
- Median target
- $210.00
Consensus record · Captured .
Measured against a quoted price of $158.96 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 22, 2026
- Transactions
- 28
- Identified insiders
- 3
- Purchases
- 0
- Sales
- 5
- Other transactions
- 23
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 94.7% Period end Jun 30, 2026
- Reporting holders
- 1,935 Period end Jun 30, 2026
- Previous quarter · holders
- 0 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Alphabet INC. | 551,189,500 |
| Valor Management LLC | 503,414,530 |
| Fmr LLC | 302,555,831 |
| Vy Capital Management Co. Ltd. | 271,811,500 |
| Gigafund Management Company, LLC | 171,826,745 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Space Exploration Technologies (SPCX)?
SPCX Industrials Stock FAQ
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
How do Starlink and SpaceX launch services reinforce each other?
The reusable launch capability sold to payload customers also supports deployment of the Starlink network. That links mission execution with the expansion and maintenance of a recurring connectivity service.
Why can SpaceX generate operating cash and still burn cash?
Customer operations are producing cash, but spending on vehicles, spacecraft, and infrastructure is substantially larger. Until that gap narrows, positive operating cash flow does not translate into free cash generation.
What would show that Starship is improving SpaceX economics?
The clearest company-level signs would be stronger mission and service revenue, sustained gross profit expansion, operating results approaching profitability, and capital spending becoming better covered by operating cash flow.
How does Starshield alter SpaceX customer exposure?
Starshield adds government demand for sensing, communications, and satellite-bus services alongside consumer broadband and commercial launch work. It makes national-security programs part of the same operating platform as launch and connectivity.
What is the SPCX stock price today?
The last price recorded on this page for Space Exploration Technologies Corp. (SPCX) is $158.96, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the SPCX price target?
The analyst consensus price target for Space Exploration Technologies Corp. (SPCX) is $209.37 (range $75.00 to $450.00, median $210.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (68 figures)
The 68 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Bret Johnsen (Aug 4, 2026): We believe this puts us on a trajectory, including contribution from Cursor, to reach $100 billion of ARR or annualized revenue run rate by the end of this year based on our expected revenue in the month of December of this year. Bret Johnsen (Aug 4, 2026): We expect to end this year at over 2 gigawatts of compute capacity. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | Starbase, TX | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "1 Rocket Road, Starbase, TX, 78521, US". |
FMP — 60 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
px.last | Latest provided price | $158.96 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T13:34:52.596Z. | |
px.change | Change on the day | +7.35% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $2.10T | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:01.000Z. Captured from FMP at 2026-10-04T13:34:48.575Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$10.89 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $7.81B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.range52 | 52-week range | $104.83–$225.64 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 126.13 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 119.27M | FMP | Financial Modeling Prep (FMP) · quote | |
id.ceo | Chief executive | Elon Reeve Musk | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.founder | Founder named in the filing | Elon R. Musk — Founder & CEO | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 22,000 | FMP | Financial Modeling Prep (FMP) company profile | |
fin.annual | Revenue and net result by fiscal year | 3 fiscal years, FY2023 through FY2025: FY2023 revenue $10.39B, net result −$4.63B; FY2024 revenue $14.02B, net result $791.00M; FY2025 revenue $18.67B, net result −$4.94B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.gross_margin | Gross margin (trailing twelve months) | 50.8% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $7.81B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.rd_k | R&D — period end 2026-06-30 | $3.55B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $912.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | −$143.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $4.69B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.rd_k | R&D — period end 2026-03-31 | $3.51B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $746.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | −$1.94B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-06-30.revenue_k | Revenue — period end 2025-06-30 | $4.07B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-06-30.rd_k | R&D — period end 2025-06-30 | $1.96B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-06-30.sga_k | SG&A — period end 2025-06-30 | $606.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-06-30.operating_result_k | FMP standardized operating result — period end 2025-06-30 | −$970.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-03-31.revenue_k | Revenue — period end 2025-03-31 | $4.07B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-03-31.rd_k | R&D — period end 2025-03-31 | $1.56B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-03-31.sga_k | SG&A — period end 2025-03-31 | $493.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-03-31.operating_result_k | FMP standardized operating result — period end 2025-03-31 | $27.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-04.revenue_actual | Revenue · reported — report date 2026-08-04 | $7.81B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.revenue_estimated | Revenue · estimate — report date 2026-08-04 | $6.83B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.eps_actual | EPS · reported — report date 2026-08-04 | −$0.0900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.eps_estimated | EPS · estimate — report date 2026-08-04 | −$0.2255 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-20.revenue_actual | Revenue · reported — report date 2026-05-20 | $4.69B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-20.eps_actual | EPS · reported — report date 2026-05-20 | −$1.1900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $100.01B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $2.42B | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $39.36B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 7.33× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $2.42B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $1.05B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$18.37B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$10.11B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-03-31.operating_cash_flow_m | Operating cash flow — period end 2025-03-31 | $727.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-03-31.capex_m | Capital expenditure (reported) — period end 2025-03-31 | −$4.14B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt | Stored analyst price targets | low $75.00 · high $450.00 · consensus $209.37 · median $210.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_range | Analyst price target, low to high | $75.00 – $450.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $209.37 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $210.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 28 transactions · 0 purchases, 5 sales, 23 other transactions · 3 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 22, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 94.7% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 1,935 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 0 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Alphabet INC. — shares in provider snapshot | 551,189,500 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Valor Management LLC — shares in provider snapshot | 503,414,530 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Fmr LLC — shares in provider snapshot | 302,555,831 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Vy Capital Management Co. Ltd. — shares in provider snapshot | 271,811,500 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Gigafund Management Company, LLC — shares in provider snapshot | 171,826,745 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 1 fact from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.ratios | Return and yield ratios (trailing twelve months) | ROE -7.6% · ROA -2.8% · current ratio 5.12 · earnings yield -0.6% · free-cash-flow yield -1.4% | — | UNRECORDED | Stored key metrics — Date unknown |
COMPUTED — 3 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history.depth.2026-08-04.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($7.81B) with the recorded estimate ($6.83B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-04.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS (−$0.0900) with the recorded estimate (−$0.2255) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 21.00× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $100.01B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 36 of 100 · Weak · pillars 25 / 95 / 15 / 43 / 56 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 36 (stored snapshot Oct 3, 2026) → 36 (current publication computed Oct 4, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.rd_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.rd_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-06-30.revenue_k,fin.q_table.depth.2025-06-30.rd_k,fin.q_table.depth.2025-06-30.sga_k,fin.q_table.depth.2025-06-30.operating_result_k,fin.q_table.depth.2025-03-31.revenue_k,fin.q_table.depth.2025-03-31.rd_k,fin.q_table.depth.2025-03-31.sga_k,fin.q_table.depth.2025-03-31.operating_result_k. - Earnings-history note. Source series as of 2026-08-04. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-04.revenue_actual,earn.history.depth.2026-08-04.revenue_estimated,earn.history.depth.2026-08-04.revenue_actual.comparison,earn.history.depth.2026-08-04.eps_actual.comparison,earn.history.depth.2026-08-04.eps_actual,earn.history.depth.2026-08-04.eps_estimated,earn.history.depth.2026-05-20.revenue_actual,earn.history.depth.2026-05-20.eps_actual. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-03-31.operating_cash_flow_m,fin.opcf.depth.2025-03-31.capex_m.
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- sedat@stockexpertai.com
Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Legal name | SPACE EXPLORATION TECHNOLOGIES CORP Our market-data provider lists the name as "Space Exploration Technologies Corp."; the filer's own record is used here. | 2026-08-04 | OFFICIAL | SEC EDGAR — 10-Q filed 2026-08-04 |
| Ticker / exchange | SPCX on Nasdaq | 2026-09-12 | OFFICIAL | SEC EDGAR filer record |
| Business description | Space Exploration Technologies Corp. designs, manufactures, and launches rockets and spacecraft, and provides satellite-based broadband services in the United States, Ireland, and Canada. The company offers launch services for satellites, cargo, and crew to destinations such as low Earth orbit, the International Space Station, the Moon, and Mars, using vehicles, including Falcon 9, Falcon Heavy, and Starship. It provides dedicated rideshare missions for small satellites, manufactures reusable rockets and spacecraft, such as Dragon and Starship, and conducts suborbital and orbital flight tests. The company supplies broadband internet connectivity through the Starlink satellite network for consumer and commercial use, and offers Starshield, a satellite-based solution for government users focused on sensing, communications, and satellite bus services. It supports scientific research opportunities and provides on-orbit research and travel services for private and government customers, and collaborates with government agencies for national security space launch missions. The company serves government agencies, national security organizations, commercial satellite operators, research institutions, and private spaceflight clients, supporting scientific research and commercial payload missions for professional and industrial clients in the aerospace and telecommunications sectors. The company was founded in 2002 and is based in Starbase, Texas. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Annual revenue and net result (USD millions) | Captured record · 3 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 3 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Sector / industry (provider taxonomy) | Industrials / Aerospace & Defense The company's SEC filings classify it under SIC 7370 — Services-Computer Programming, Data Processing, Etc.. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Quarterly income statement (USD thousands) | Captured record · 3 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Reported versus estimated, last 2 quarters | Captured record · 2 entries
| 2026-08-04 | FMP | Financial Modeling Prep (FMP) earnings |
| Management outlook — dated call excerpts | Captured record · 2 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-08-04 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Cash, investments and debt | Total debt: $39.36B; Liquidity basis: cash and short-term investments; Total liabilities: $65.55B; Cash and short-term investments: $100.01B; Cash and investments: $100.01B; Long-term investments: $0; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $100.01B; Cash and short-term investments: $100.01B; Long-term investments: $0; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Cash and short-term investments over time (USD millions) | Captured record · 4 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Cash runway cross-check (ours) | Years: 2.6; Method: cash and short-term investments of $100009M at 2026-06-30 divided by the annualized rate at which operations and capital spending used cash ($37897.3M per year); Reaches: 2029-01; Cash basis: cash and short-term investments; Cash: $100.01B; Annualized cash use: $37.90B Rate taken from operating cash flow less capital expenditure over the 3 most recent reported quarters, annualized.; Measured from operations, not from the change in the cash balance — a company that raised money during the window would otherwise appear to be burning less than it is.; Assumes that rate continues unchanged: it ignores announced cost reductions, financing already arranged and any change in spending.; Assumes the reported cash and short-term investments are realizable for funding operations; restrictions and timing of access are not established by these provider fields. Long-term investments are excluded.; It is a cross-check, not a forecast, and the company's own statement about its runway outranks it. | 2026-06-30 | COMPUTED | Computed from reported cash flow; assumptions stated |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $60.65B; Total debt: $39.36B; Cash and investments: $100.01B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Trailing twelve-month ratio set | Quick ratio: 4.99; Current ratio: 5.12; Debt to equity: 0.31; Net margin: -32.2%; Gross margin: 52.7%; Operating margin: -12.4%; Return on assets: -2.8%; Return on equity: -7.6% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Recent SEC filings |
| 2026-08-14 | OFFICIAL | SEC EDGAR filer submissions |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-12 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Most recent periodic reports | Quarterly: Document: https://www.sec.gov/Archives/edgar/data/1181412/000162828026052535/spcx-20260630.htm, Filed: 2026-08-04, Period end: 2026-06-30 | 2026-08-04 | OFFICIAL | SEC EDGAR filer submissions |
Data provided for informational purposes only.
ETFs that hold SPCX
Funds in our ETF coverage that list SPCX among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.
| ETF | Weight | Holdings as of |
|---|---|---|
| ARK Innovation ETF (ARKK) | 6.51% |