Space Exploration Technologies Corp.

TSX:SPCX Stock Report

Market Cap: CA$3.6t

Space Exploration Technologies Past Earnings Performance

Past criteria checks 0/6

Space Exploration Technologies's earnings have been declining at an average annual rate of -677.2%, while the Telecom industry saw earnings declining at 5.9% annually. Revenues have been growing at an average rate of 27.3% per year.

Key information

-677.22%

Earnings growth rate

-615.72%

EPS growth rate

Telecom Industry Growth1.82%
Revenue growth rate27.28%
Return on equity-20.89%
Net Margin-48.47%
Last Earnings Update31 Mar 2026

Recent past performance updates

No updates

Recent updates

Seeking Alpha 23h

The xAI Trojan Horse Inside SpaceX's IPO

Summary SpaceX (SPCX) IPO raised $75B at a $1.75T valuation, now repriced to ~$2.1T, marking an unprecedented market event. SPCX is now a conglomerate: launch, broadband (Starlink), and a high-burn AI segment, with AI prioritized in capital allocation. Starlink and SpaceX's launch businesses are highly profitable and defensible, but AI investments are diluting the pure space/broadband moat. Much of the IPO proceeds will repay legacy xAI/Twitter debt and fund aggressive AI capex, leaving limited capital for space initiatives. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Space Exploration Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:SPCX Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2619,301-9,3562,89710,600
31 Dec 2518,674-4,9372,6448,643
31 Dec 2414,015181,8133,464
31 Dec 2310,387-4,6281,6652,105

Quality Earnings: SPCX is currently unprofitable.

Growing Profit Margin: SPCX is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SPCX's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare SPCX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPCX is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-2.4%).


Return on Equity

High ROE: SPCX has a negative Return on Equity (-20.89%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 11:09
End of Day Share Price 2026/06/16 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 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tao ChangKGI Securities Co. Ltd.
Nicolas OwensMorningstar Inc.
David BardenNew Street Research LLP