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Space Exploration Technologies Corp.TSX:SPCX Stock Report

Market Cap CA$2.1t
Share Price
n/a
1Yn/a
7D-6.2%
1D-3.5%
Portfolio Value
​
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Space Exploration Technologies Corp.

TSX:SPCX Stock Report

Market Cap: CA$2.1t

Space Exploration Technologies (SPCX) Stock Overview

Provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. More details

SPCX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Rewards

Earnings are forecast to grow 59.81% per year

Revenue grew by 27.3% over the past year

Risk Analysis

Has less than 1 year of cash runway


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Space Exploration Technologies Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Space Exploration Technologies
Historical stock prices
Current Share PriceUS$18.11
52 Week HighUS$38.00
52 Week LowUS$17.91
Beta0
1 Month Change-36.61%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-33.00%

Recent News & Updates

Seeking Alpha • Jun 24

SpaceX: A $2 Trillion Valuation In A $350 Billion Body

Summary Space Exploration Technologies Corp. aka SpaceX is dramatically overvalued post-IPO, with a strong sell rating based on inflated TAM assumptions and competitive threats. I see Starlink's addressable market as overstated, with limited potential to disrupt established cellular providers and mounting competitive pressures from Amazon and AST SpaceMobile. SPCX's AI segment faces significant risks, including underutilized compute capacity and questionable economics for space-based datacenters versus terrestrial alternatives. With a realistic valuation of $340–$350 billion and a rapidly expanding float, I expect substantial downside and recommend shorting at current levels. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jun 24

SpaceX: A $2 Trillion Valuation In A $350 Billion Body

Summary Space Exploration Technologies Corp. aka SpaceX is dramatically overvalued post-IPO, with a strong sell rating based on inflated TAM assumptions and competitive threats. I see Starlink's addressable market as overstated, with limited potential to disrupt established cellular providers and mounting competitive pressures from Amazon and AST SpaceMobile. SPCX's AI segment faces significant risks, including underutilized compute capacity and questionable economics for space-based datacenters versus terrestrial alternatives. With a realistic valuation of $340–$350 billion and a rapidly expanding float, I expect substantial downside and recommend shorting at current levels. Read the full article on Seeking Alpha

Shareholder Returns

SPCXCA TelecomCA Market
7D-6.2%-1.9%-0.4%
1Yn/a-11.3%30.2%

Return vs Industry: Insufficient data to determine how SPCX performed against the Canadian Telecom industry.

Return vs Market: Insufficient data to determine how SPCX performed against the Canadian Market.

Price Volatility

Is SPCX's price volatile compared to industry and market?
SPCX volatility
SPCX Average Weekly Movement12.1%
Telecom Industry Average Movement3.7%
Market Average Movement9.4%
10% most volatile stocks in CA Market16.3%
10% least volatile stocks in CA Market3.7%

Stable Share Price: SPCX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine SPCX's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200222,000Elon Muskwww.spacex.com

Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. It operates through three operating segments: Space, Connectivity, and AI. The Space segment designs, manufactures, and launches reusable rockets to provide access to space.

Space Exploration Technologies Corp. Fundamentals Summary

How do Space Exploration Technologies's earnings and revenue compare to its market cap?
SPCX fundamental statistics
Market capCA$2.07t
Earnings (TTM)-CA$13.11b
Revenue (TTM)CA$27.06b
74.0x
P/S Ratio
-152.6x
P/E Ratio

Is SPCX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPCX income statement (TTM)
RevenueUS$19.30b
Cost of RevenueUS$9.88b
Gross ProfitUS$9.42b
Other ExpensesUS$18.78b
Earnings-US$9.36b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 04, 2026

Earnings per share (EPS)-0.71
Gross Margin48.83%
Net Profit Margin-48.47%
Debt/Equity Ratio70.0%

How did SPCX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/31 02:18
End of Day Share Price 2026/07/31 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Space Exploration Technologies Corp. is covered by 36 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Charles BealeArete Research Services LLP
Douglas HarnedBernstein
Ronald EpsteinBofA Global Research