SPCX
Space Exploration Technologies Corp.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Space Exploration Technologies Corp..
Coverage
SpaceX Has Bought $835 Million of Megapacks. Musk's 10 GW Target Needs Nine to Twenty-Four Times That.
SpaceX's 10-Q discloses $295M of Tesla Megapacks in Q2 and $329M in the half. The widely shared $1.1B total double-counts. The 10 GW build needs 32 to 88 GWh.
SpaceX's First Print Answered the AI Question and Made the Cash Question Unanswerable
SpaceX's Q2 2026: revenue $7,814M up 92%, AI revenue up 247%, the segment's operating loss halved, net loss $541M against a $0.26 expected loss per share. Capital expenditure was $18,369M in a single quarter — and the company does not publish the quarterly cash-flow line the Rule of 40 needs.
Shotwell Put the Big Three at $600 Billion a Year. Their Revenue Is $352 Billion, and the Traffic Math Says They Survive.
Shotwell sized the US carriers at $600B a year. Their 2025 revenue was $352.1B. Three scenarios for Starlink's share of internet traffic by 2031.
SpaceX (SPCX): What We Know Before Its First Earnings Report as a Public Company
SpaceX IPO'd in June at a $1.77 trillion valuation, the largest offering in history — and the stock is now down roughly 50% from its post-IPO peak, trading below the IPO price itself. Its first earnings report lands August 4. Here's the full picture: the business split, the valuation debate, and the two dates that matter most.
The AI Capex Bet, Six Months In: What the Mag 7 Actually Spent (and What the Market Learned)
Our February call was a $700B AI capex arms race. Six months and a full Q2 earnings season later, actual guidance has blown past that number, free cash flow is cratering at multiple hyperscalers, and the market has started rewarding capex very differently depending on who's spending it. Here's what changed.
Earnings release dates
Company History
Founded to reduce space transportation costs and enable Mars colonization.
Launches the first Starlink satellites, beginning the buildout of the world's largest satellite constellation into a profitable global broadband business.
Becomes the first private company to send astronauts to the ISS.
Prices the largest IPO in history at ~$1.77T valuation; shares later peak near $225.64 before falling roughly 50% by late July.
SpaceX's AI operations (xAI, Grok, X platform) are folded into the company ahead of its public listing, creating a combined space/connectivity/AI entity.
