SpaceX reports three segments: Space (launch systems and missions), Connectivity (Starlink satellite broadband), and AI (Grok, cloud services, X advertising and data licensing).
SpaceX (SPCX) Stock Price & Market Analysis
SPCX · NASDAQ · Aerospace & Defense
Last confirmed priceDelayed
$134.72
▼ -$9.17(-6.37%)4:00 PM ET - vs previous closeQuote as of Oct 30, 2026, 4:00 PM EDT
Regular-session close · Oct 30, 2026, 4:00 PM EDT.
Last session4%
$134.50L Oct 30 '26$140.20H Oct 30 '26
Since-listing range25%
$104.83L Aug 3 '26$225.64H Jun 16 '26
Historical range: 2026-06-12–2026-10-30. Earlier trading may not be included.
Loading price chart…
Last available data
Updated market data is temporarily unavailable. The figures shown are from the last available update, dated . Prices are not real time. Check each figure’s date and reporting period.
Reported fundamentals
SPCX financial overview
Annual revenue
USD 18.67B
Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.
Revenue change
+33.2%
Change versus the fiscal year ended Dec 31, 2024.
Net profit margin
-26.4%
Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · ProfileAbout SpaceX (SPCX)Sector, leadership, and how SpaceX earns its revenue.Industrials
SpaceX
NASDAQ · SPCX · US
Company overview as of Aug 4, 2026.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Headquarters
- Starbase, Texas
- Country
- US
- Founded
- 2002
- Employees
- 22,000
- Exchange
- NASDAQ
What drives the business
Company filing for the period ended Jun 30, 2026 · filed Aug 4, 2026. These figures retain their reporting periods.
| Segment | Revenue | Revenue mix | Operating result |
|---|---|---|---|
| Space | $962M | 12.3% | -$542M |
| Connectivity | $4.291B | 54.9% | $1.656B |
| AI | $2.561B | 32.8% | -$1.257B |
Space: Customer launch and development missions. Internal satellite launches are capitalized rather than recorded as segment revenue.
Connectivity: Starlink broadband, mobile connectivity and terminal sales to consumers, businesses and governments.
AI: Grok access, subscriptions, cloud infrastructure, X advertising and data licensing. Segment revenue is not exclusively model revenue.
- Falcon launches
- 37
- Q2 2026 successful launches: 10 customer and 27 internal launches; excludes cancellations and scrubs.
- Starlink service lines
- 12.0 million
- At June 30, 2026. Service lines are not unique people; excludes managed enterprise and government contracts.
- Starlink monthly ARPU
- $66
- Q2 2026 subscriber service revenue per average service line per month; $85 in Q2 2025.
- Installed compute draw
- 1.4 GW
- At June 30, 2026. Nameplate GPU capacity, not actual electricity consumption or utilization.
Six months ended Jun 30, 2026
- Operating cash flow
- $3.466B
- Cash capital expenditure
- $28.476B
- Free cash flow
- -$25.01B
Free cash flow = operating cash flow − cash purchases of property, plant and equipment. This is a six-month amount, not Q2 or TTM. Cash increased following the IPO and debt issuance. Higher cash and interest income should not be read as operating cash generation.
Last disclosed shares at Jul 28, 2026
Class A: 7.696B · Class B: 5.485B · Total disclosed: 13.182B
These dated Class A and B totals do not establish shares outstanding on the current quote date. Current total equity value and ownership percentages remain withheld until the price and complete share count can be matched to the same date.
No cash dividends declared from inception through June 30, 2026; this dated disclosure does not establish future policy.
Read the company’s SEC filing ↗Business model & operating resultsExplore business exposure, reported operating measures and the figures behind growth and profitability claims.
AI business exposure
- Revenue exposure
- The Q2 2026 AI segment reported $2.561B revenue and a $1.257B operating loss. The segment includes X advertising and cloud services alongside Grok.
- Capital-spending dependency
- AI training, cloud capacity and satellite construction require substantial investment. The six-month cash-flow figures above show the disclosed cash cost.
- Compute role
- AI infrastructure operator and model developer; reported installed GPU draw is a capacity measure, not utilization.
- Platform examples
- Grok models and APIs, cloud services and the X platform.
- Ecosystem links
- Launch infrastructure supports satellite connectivity; the filing describes proposed future support for AI capacity.
Narrative versus numbers
Demand is expanding
Supporting observation: 161.4%
Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · 2026-09-30
Growth produces accounting profit
Supporting observation: 30.2%
Quarter ended 2026-09-30 net margin. A positive figure supports accounting profitability, not cash generation. · 2026-09-30
The business generates cash after investment
Contradicting observation: USD -25.01B
Six months ended 2026-06-30: operating cash flow less cash capital expenditure. This is not a standalone quarter or TTM figure. See the linked SEC filing. · 2026-09-30
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- Revenue
- $14.57Bquarter ended Sep 30, 2026
- Operating margin
- 19.1%quarter ended Sep 30, 2026
- EPS
- $0.35quarter ended Sep 30, 2026
- Revenue growth year over year
- 161.4%quarter ended Sep 30, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Reviewed company relationships
Direct competitors, industry comparables and thematic alternatives have different uses. Compare fiscal periods and business mix before comparing multiples.
- RKLB: Launch and space systems
Company prospectus · June 12, 2026 · Sources
- ASTS: Satellite connectivity
Company prospectus · June 12, 2026 · Sources
- IRDM: Satellite communications
Company prospectus · June 12, 2026 · Sources
- VSAT: Satellite broadband
Company prospectus · June 12, 2026 · Sources
A disclosed relationship is historical information, not a current valuation or a recommendation.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
Research tools
Market closed
Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-11-02 · 9:30 AM America/New_York
Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
PortfolioReport data issue
Shortcuts
With research tools focused: / search · W watchlist · C compare · F financials · E earnings · N news · T technicals · Esc close
TECHi.com