Space Exploration Technologies Corp. Class A Common Stock (SPCX · NASDAQ)
SPCX · MARKET VIEW
Market view · as of Sep 21, 2026
Price (last ~year)
SpaceX (SPCX) posted 91.9% YoY revenue growth with TTM revenue of $23.04B, but remains unprofitable at a -35.7% profit margin and burned $15.95B in free cash flow last quarter on $18.37B of capex against $2.42B operating cash flow. The stock trades at a $2.01T market cap with a P/S of 87.3 and EV/EBITDA of 516.86, sitting 24.3% below its 52-week high after gaining 14.0% over the past month; the latest quarter's -$0.09 EPS beat the -$0.26 estimate. A 319 million-share unlock on August 19 pressured shares 2.57% in thin trading, and a director's 42.8M-share Code-J transaction on September 11 followed the expiration of Class B lock-ups on September 10. The company is accelerating its Nvidia-powered AI satellite program to a Q4 2027 launch target, ahead of the original 2028 timeline.
Valuation
- Market cap
- $2.01T
- P/B
- 15.82
- P/S
- 87.3
- EV/EBITDA
- 516.86
- Analyst target
- $222.42
Quality & returns
- Gross margin
- 51.9%
- Operating margin
- -1.8%
- Profit margin
- -35.7%
- ROE
- 0.0%
- ROA
- 0.0%
Price movement
- Last
- $152.71
- 1-month
- +14.0%
- 3-month
- -1.2%
- RSI (14)
- 61
- vs SMA200
- +7.1%
- 52-wk position
- 47.5% -24.3% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $7.81B | $-143.0M | $-541.0M | $111.0M |
| 2026-03-31 | $4.69B | $-1.94B | $-4.28B | $2.38B |
| 2025-06-30 | $4.07B | $-775.0M | $-1.01B | $0 |
| 2025-03-31 | $4.07B | $55.0M | $-528.0M | $0 |
Recent news
- Neutral SPACE EXPLORATION TECHNOLOGIES CORP (NASDAQ: SPCX) Director Gracias Antonio J. Executes 42.8M-Share Code-J Transaction · 2026-09-16
- Neutral Certain Class B Common Stock of Space Exploration Technologies Corp. are subject to a Lock-Up Agreement Ending on 10-SEP-2026. · 2026-09-09
- Bullish SpaceX targets Q4 2027 launch for Nvidia-powered AI satellites · 2026-08-25
- Neutral Certain Class A Common Stock of Space Exploration Technologies Corp. are subject to a Lock-Up Agreement Ending on 20-AUG-2026. · 2026-08-19
- Somewhat-Bearish SpaceX Shares Drop 2.6% Amid 319 Million-Share Unlock in Thin Cash Market · 2026-08-19
- Neutral This Brilliant Tech Investor Just Bought SpaceX, Micron, Cerebras and Some Other Semiconductor Names · 2026-08-19
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)