Newly listed SpaceX parent company spanning Starlink broadband, reusable launch systems, spacecraft, and AI infrastructure.
Profile & Fundamentals
SpaceX: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
SpaceX Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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. It also provides launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and engages in the launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon. Its company's Connectivity segment operates broadband data and communications network by various Starlink satellites in low-earth orbit, delivering connectivity to various consumers, enterprise, and government customers. The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise customers; X, a real-time information, entertainment, and free speech platform; and AI computational infrastructure. Space Exploration Technologies Corp. was incorporated in 2002 and is based in Starbase, Texas.
Company profile record
Space Exploration Technologies Corp. Class A Common Stock
Common Stock · Communication Services · Alternative Carriers
Company
- Company / asset
- Space Exploration Technologies Corp. Class A Common Stock
- Security type
- Common Stock
- Sector
- Communication Services
- Industry
- Alternative Carriers
- HQ
- 🇺🇸 United States
- Head office
- 1 Rocket Road, Starbase, TX, United States, 78521
Leadership & scale
- Chief executive
- Mr. Elon R. Musk
- CEO year born
- 1971
- Full-time employees
- 21K
- Fiscal year end
- December
- IPO date
- 2026-06-12
Fundamentals snapshot
- Market Cap
- USD 1.01T
- P/E
- --
- Revenue (Q2 26)
- USD 7.8B
- Profit (Q2 26)
- USD -541.0M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 18.7B
- Shares in public float
- 4.3B
- Insider ownership
- 12.73%
Reporting & identifiers
- Symbol
- SPCX.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US84615Q1031
- Asset ID
- equity_3e8c23d9-2520-561d-9869-ef8f0f4d619e
Ownership
Shares Outstanding
Latest: 5.9B | Max: 10.0B | Min: 2.8B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
74.05%
4.3B latest reported shares
Insider Ownership
12.73%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2023-01-01 | 2,759,000,000 |
| 2024-01-01 | 9,956,000,000 |
| 2025-01-01 | 2,875,000,000 |
| 2026-01-01 | 5,864,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Alphabet Inc | 551,189,500 | 4.18% | 2026-06-30 |
| Valor Management LLC | 503,414,530 | 3.82% | 2026-06-30 |
| PUBLIC INVESTMENT FUND | 154,146,835 | 1.17% | 2026-06-30 |
| D1 Capital Partners L.P. | 126,042,232 | 0.96% | 2026-06-30 |
| NVIDIA Corp | 122,764,805 | 0.93% | 2026-06-30 |
| SC US (TTGP), LTD. | 122,519,145 | 0.93% | 2026-06-30 |
| Darsana Capital Partners LP | 101,461,915 | 0.77% | 2026-06-30 |
| Baillie Gifford & Co Limited. | 51,397,806 | 0.39% | 2026-06-30 |
| Ontario Teachers Pension Plan Board | 50,676,250 | 0.38% | 2026-06-30 |
| Invesco QQQ Trust | 41,232,362 | 0.31% | 2026-08-31 |
| Scottish Mortgage Ord | 37,366,000 | 0.28% | 2026-07-31 |
| Baron Partners Retail | 36,938,300 | 0.28% | 2026-06-30 |
| Atreides Management, LP | 27,332,943 | 0.21% | 2026-06-30 |
| Mirae Asset Global Investments (Korea) Co Ltd | 26,056,048 | 0.2% | 2026-06-30 |
| Founders Fund Growth II Management, LP | 22,839,450 | 0.17% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
SpaceX's financial statements tell two completely different stories. Top-line revenue is accelerating at an extraordinary pace, reaching $20.6 billion over the trailing twelve months and jumping 91.9% year-over-year in the second quarter of 2026 to $7.81 billion. This surge proves that Starlink has evolved from an ambitious experiment into a massive global telecommunications business with millions of paying subscribers. Yet beneath this top-line triumph lies substantial accounting red ink. The company recorded a trailing net loss of $6.35 billion, weighed down by immense research spending and rocket manufacturing costs. While second-quarter net losses narrowed to $541 million as satellite subscription density improved, true profitability remains constrained by the relentless costs of building and launching space hardware.
SpaceX's financial statements tell two completely different stories. Top-line revenue is accelerating at an extraordinary pace, reaching $20.6 billion over the trailing twelve months and jumping 91.9% year-over-year in the second quarter of 2026 to $7.81 billion. This surge proves that Starlink has evolved from an ambitious experiment into a massive global telecommunications business with millions of paying subscribers. Yet beneath this top-line triumph lies substantial accounting red ink. The company recorded a trailing net loss of $6.35 billion, weighed down by immense research spending and rocket manufacturing costs. While second-quarter net losses narrowed to $541 million as satellite subscription density improved, true profitability remains constrained by the relentless costs of building and launching space hardware.
Revenue, Net Income, and Free Cash Flow
Latest: USD 18.7B | Max: USD 18.7B | Min: USD -14.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
The company exhibits a dramatic split between product gross margins and corporate operating margins. Gross margin expanded impressively to 49.4% in 2025, driven by Falcon 9 booster reusability and falling production costs for Starlink consumer terminals. At the operational level, launching rockets and delivering satellite internet is inherently lucrative. Conversely, operating margins remained deeply negative at minus 13.9%, weighed down by $8.64 billion in annual research expenditures and heavy satellite depreciation charges. This divergence reveals a profitable satellite utility subsidizing an enormous aerospace research laboratory. Operating margins will only break decisively into positive territory once Starship achieves routine commercial flight and research spending moderates relative to revenue.
The company exhibits a dramatic split between product gross margins and corporate operating margins. Gross margin expanded impressively to 49.4% in 2025, driven by Falcon 9 booster reusability and falling production costs for Starlink consumer terminals. At the operational level, launching rockets and delivering satellite internet is inherently lucrative. Conversely, operating margins remained deeply negative at minus 13.9%, weighed down by $8.64 billion in annual research expenditures and heavy satellite depreciation charges. This divergence reveals a profitable satellite utility subsidizing an enormous aerospace research laboratory. Operating margins will only break decisively into positive territory once Starship achieves routine commercial flight and research spending moderates relative to revenue.
Profitability Margins
Latest: 49.4% | Max: 49.4% | Min: -44.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
49.4%
Gross profit / revenue
Operating Margin
-13.9%
Operating income / revenue
Net Margin
-26.4%
Net income / revenue
FCF Margin
-74.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2023-12-31 | 10,387,000,000 | -4,628,000,000 | 105,000,000 |
| 2024-12-31 | 14,015,000,000 | 791,000,000 | -5,387,000,000 |
| 2025-12-31 | 18,674,000,000 | -4,937,000,000 | -13,952,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2023-12-31 | 41.18 | 4.88 | -44.56 | 1.01 |
| 2024-12-31 | 42.95 | 5.29 | 5.64 | -38.44 |
| 2025-12-31 | 49.39 | -13.86 | -26.44 | -74.71 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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