Space Exploration Technologies (SPCX) Stock Overview
Provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Last Earnings Call
Q2 2026 · 4 Aug 2026SpaceX (NASDAQ: SPCX) reported its Q2 2026 financial results on August 4, 2026, marking its first earnings report since its record-breaking IPO in June 2026.
Financial Results & Management Outlook
- Revenue: Reported $7.8 billion, a 92% increase year-over-year.
- EPS: Reported a loss of $0.09 per share.
- Adjusted EBITDA: $3.5 billion, up 191% year-over-year.
- Key Metrics: Connectivity revenue grew to $4.3 billion (66% YoY growth) with 1.7 million net new subscribers. AI segment revenue surged 247% YoY to $2.6 billion. The company ended the quarter with $100 billion in cash and $47.5 billion in backlog.
- Outlook: Management highlighted an aggressive strategy, targeting a $100 billion annualized revenue run rate by the end of 2026 and accelerating plans to reach $1 trillion in total revenue by 2030. High capital expenditures (totaling $18.4 billion in Q2) are expected to continue as the company invests in Starship, Starlink, and AI compute infrastructure.
Analyst Consensus Estimates
- Revenue: Consensus was approximately $6.81–$6.93 billion. SpaceX beat expectations.
- EPS: Consensus was a loss of $0.23–$0.26 per share. SpaceX beat expectations (reporting a smaller-than-expected loss of $0.09).
Market Reaction
SpaceX stock (SPCX) rose 9.4% during regular trading hours on August 4, 2026, in anticipation of the report. However, following the earnings release, the stock fell by more than 8% in after-hours trading. Analysts cited concerns over the company's high capital expenditure plans and the risks associated with its aggressive, cash-intensive AI and Starship development roadmap as primary reasons for the downward pressure.
SPCX Community Fair Values
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Analyst Price Targets
Top Community Narratives
Space Exploration Technologies Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$114.92 |
| 52 Week High | US$225.64 |
| 52 Week Low | US$104.83 |
| Beta | 0 |
| 1 Month Change | -23.12% |
| 3 Month Change | n/a |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -28.60% |
Recent News & Updates
SpaceX: The Revenue Beat Doesn't Fix The Capex Problem
Summary Space Exploration Technologies Corp. delivered a strong Q2 with 92% revenue growth to $7.8B and an improved net loss, but aggressive capex clouds near-term upside. Starlink remains SPCX's financial engine, posting 66% revenue growth and 79% segment income growth, though ARPU fell to $66 and subscriber growth slightly missed consensus. AI revenue surged 247% to $2.56B, yet AI capex ballooned to $15.8B, and the segment remains loss-making on an operating basis despite positive adjusted EBITDA. I rate SPCX a 'Sell' post-earnings due to high capex, lock-up expiration overhang, and insufficient risk/reward at current valuation despite exceptional business fundamentals. Read the full article on Seeking Alpha
AI Compute And Global Connectivity Expansion Will Reshape This Space Infrastructure Leader
Catalysts About Space Exploration Technologies Space Exploration Technologies develops launch vehicles, broadband satellite networks and AI compute infrastructure that support commercial, government and consumer customers worldwide. What are the underlying business or industry changes driving this perspective?Recent updates
SpaceX: The Revenue Beat Doesn't Fix The Capex Problem
Summary Space Exploration Technologies Corp. delivered a strong Q2 with 92% revenue growth to $7.8B and an improved net loss, but aggressive capex clouds near-term upside. Starlink remains SPCX's financial engine, posting 66% revenue growth and 79% segment income growth, though ARPU fell to $66 and subscriber growth slightly missed consensus. AI revenue surged 247% to $2.56B, yet AI capex ballooned to $15.8B, and the segment remains loss-making on an operating basis despite positive adjusted EBITDA. I rate SPCX a 'Sell' post-earnings due to high capex, lock-up expiration overhang, and insufficient risk/reward at current valuation despite exceptional business fundamentals. Read the full article on Seeking AlphaAI Compute And Global Connectivity Expansion Will Reshape This Space Infrastructure Leader
Catalysts About Space Exploration Technologies Space Exploration Technologies develops launch vehicles, broadband satellite networks and AI compute infrastructure that support commercial, government and consumer customers worldwide. What are the underlying business or industry changes driving this perspective?
WHY YOU SHOULD NOT BUY THE SPACEX IPO
Originally posted on June 5th 2026 on the Woodworth Contrarian Fund News Page: https://www.woodworth.fund/news/why-you-should-not-buy-the-spacex-ipo Brought to you by The Millegans & The Woodworth Contrarian Fund Sisyphus of Wall Street & The Weight of Hype: Why chasing marquee allocations is a rigged game—and what contrarians do instead. Overview: Biggest IPO ever… for whom?
SpaceX: A Sober Look at Catalysts, Risks, and Long‑Term Value After the IPO
SpaceX’s IPO has generated huge excitement, but when you strip away the headlines and ecosystem hype, the fundamentals still look like a capital‑intensive industrial business with uncertain long‑term margins. Using a disciplined valuation approach — including a 30% discount rate to reflect the lack of current profitability — the fair value estimate comes out to US$0.87 per share in 2026.SpaceX (SPCX) Stock Could Be 49.5% Overvalued After IPO And AI Push
SpaceX stock reaction to index additions and AI push Space Exploration Technologies (SPCX) has moved rapidly from its record US$75b IPO into key benchmarks, with fresh inclusion in the NASDAQ Telecom Index spotlighting its mix of satellite connectivity, launch services, and AI infrastructure. For you as an investor, that index entry matters because it can pull in rule based buying from funds that track the benchmark. At the same time, the company’s US$60b Cursor acquisition and large AI...
The trap for retailers that can evaporate more than 80% of the value.
EQUITY RESEARCH NOTE: SPACEX (SPCX) – VALUE REALIGNMENT Rating: Underweight / Avoid Current Price: $160.95 | Target Price Range: $21.41 – $28.55 Core Metric: Multiple Contraction & Scarcity Premium Dissipation. Investment Thesis: Space Exploration Technologies Corp.
AI Infrastructure in Space? The market said yes like it’s already a reality
SpaceX didn’t just deliver the largest IPO in history by dollars raised. It also entered the public market at one of the richest valuations ever seen for a company of its size.Hitting Escape Velocity with a Single Point of Failure
SpaceX owns one of the most entrenched constraints in the economy: cheap mass-to-orbit. It converts that into a deeper one, orbital bandwidth, through Starlink.Making sense of 1.75 trillion IPO
SpaceX is expected to go public under the ticker SPCX. There has been a huge amount of attention leading up to the listing, which isn’t surprising.SpaceX? Only Fast in - Fast out!
This text was written one week before SpaceX’s IPO , which is scheduled to take place on June 12, 2026, at $135 per share. Facts About Profitability Although SpaceX’s revenue is growing steadily, the company as a whole is generating a net loss.Shareholder Returns
| SPCX | US Telecom | US Market | |
|---|---|---|---|
| 7D | 2.4% | 2.8% | 3.5% |
| 1Y | n/a | -2.4% | 20.5% |
Return vs Industry: Insufficient data to determine how SPCX performed against the US Telecom industry.
Return vs Market: Insufficient data to determine how SPCX performed against the US Market.
Price Volatility
| SPCX volatility | |
|---|---|
| SPCX Average Weekly Movement | 14.1% |
| Telecom Industry Average Movement | 9.7% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SPCX's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: Insufficient data to determine SPCX's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | 22,000 | Elon Musk | www.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
| SPCX fundamental statistics | |
|---|---|
| Market cap | US$1.43t |
| Earnings (TTM) | -US$8.89b |
| Revenue (TTM) | US$23.04b |
Is SPCX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPCX income statement (TTM) | |
|---|---|
| Revenue | US$23.04b |
| Cost of Revenue | US$11.09b |
| Gross Profit | US$11.95b |
| Other Expenses | US$20.84b |
| Earnings | -US$8.89b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.67 |
| Gross Margin | 51.87% |
| Net Profit Margin | -38.57% |
| Debt/Equity Ratio | 30.1% |
How did SPCX perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/06 00:28 |
| End of Day Share Price | 2026/08/06 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 37 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Charles Beale | Arete Research Services LLP |
| Douglas Harned | Bernstein |
| Ronald Epstein | BofA Global Research |