SPCX
Space Exploration Technologies Corp.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Space Exploration Technologies Corp.
Space Exploration Technologies Corp. (SpaceX) designs, manufactures, launches, and operates rockets and spacecraft and provides satellite broadband. Segments include Space (Falcon, Starship, Dragon launch and mission services), Connectivity (Starlink broadband), and related AI/compute activities. Customers include commercial satellite operators, NASA and other government agencies, and consumer and enterprise Starlink users.
Coverage
SpaceX's New Contract Annualises to $13.3 Billion. Its CFO Says These Deals Are Six-Month Commits.
Bret Johnsen put $1.11B a month and $13.3B of ARR on the record, then described SpaceX's compute deals as 90-day with a 90-day out — roughly six-month commits.
India's Proposed Satellite Rate Takes 13% of Starlink's Revenue. SpaceX Asked for Under 1%.
The reported 5% spectrum charge sits on top of an 8% licence fee. SpaceX and Kuiper asked for under 1% with no other charges. TRAI refused the 5% in December.
SpaceX Borrows at 5.35%. Its New $220 Target Needs 20 to 50 Flights From Ships That Have Never Flown Twice.
Pivotal initiated SpaceX at Buy with a $220 target resting on 20–50 flights per Starship. Zero ships have flown twice. Its June notes priced at 5.35–6.65%.
Three Vendors Publish Wall Street's SpaceX Range. The Averages Differ by $10. The Highs Differ by $350.
Three data vendors published Wall Street's SpaceX panel this week. Their average targets sit within $10.01; their high targets are $450 and $800.
Terafab's Eight Texas Tax Agreements Forgo $1.66 Billion of School Revenue. The Job Floor Is Eighty.
Texas published the numbers behind all eight Terafab tax agreements: $1.66bn of school revenue forgone to 2046, against a statutory floor of ten jobs each.
Anthropic Doesn't Trade. It Is Already a $53.4B Line in Amazon's Quarter and Two-Thirds of Microsoft's Beat.
Amazon booked $53.4 billion primarily from its Anthropic stake, and a $3.2 billion gain was two-thirds of Microsoft's beat. The IPO reprices both at once.
Where the revenue goes next
Latest: $7.81B (2026Q2)
| Period | Value |
|---|---|
| 2025Q1 | $4.07B |
| 2025Q2 | $4.07B |
| 2026Q1 | $4.69B |
| 2026Q2 | $7.81B |
Latest: −$0.09 (2026Q2)
| Period | Value |
|---|---|
| 2025Q2 | −$0.34 |
| 2026Q2 | −$0.09 |
Latest: −$15.95B (2026Q2)
| Period | Value |
|---|---|
| 2025Q1 | −$3.41B |
| 2025Q2 | −$3.20B |
| 2026Q1 | −$9.06B |
| 2026Q2 | −$15.95B |
Latest: 5.86B (2026Q2)
| Period | Value |
|---|---|
| 2025Q2 | 2.93B |
| 2026Q2 | 5.86B |
Latest: −$31.62B (2026Q2)
| Period | Value |
|---|---|
| 2025Q1 | −$3.41B |
| 2025Q2 | −$6.61B |
| 2026Q1 | −$15.67B |
| 2026Q2 | −$31.62B |
Latest earnings
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.
Key Players
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Funds we follow holding SPCX
Showing 5 of 10 by latest reported 13F position value. Market value at quarter-end, not cost basis.
