Space Exploration Technologies Corp. Class A Common Stock (SPCX · NASDAQ)
SPCX · MARKET VIEW
Market view · as of Sep 28, 2026
Price (last ~year)
SpaceX (SPCX) trades at $148.68 with a $1.96T market cap, down 26.3% from its 52-week high despite revenue growth of 91.9% YoY to $23.04B TTM. The company remains deeply unprofitable — a -35.7% profit margin, -1.8% operating margin, and $15.95B in negative free cash flow last quarter (capex of $18.37B against $2.42B operating cash flow) — while carrying $39.36B in total debt at 6.7x EBITDA against $93.52B in cash. The most recent quarter showed revenue of $7.81B (up from $4.69B the prior quarter) with a narrower net loss of $541.0M, and the company beat its sole earnings estimate (-$0.09 reported vs. -$0.26 expected). Notable recent developments include the $60B all-stock acquisition of Cursor (closed August 14, 2026), a lock-up expiration on September 24, and President Gwynne Shotwell's sale of 342,170 shares under a trading plan.
Valuation
- Market cap
- $1.96T
- P/B
- 15.37
- P/S
- 85.05
- EV/EBITDA
- 501.68
- 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
- $148.68
- 1-month
- +5.5%
- 3-month
- -5.6%
- RSI (14)
- 51
- vs SMA200
- +3.8%
- 52-wk position
- 43.2% -26.3% 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 Five share sales under a trading plan by Space Exploration Technologies (SPCX) president Gwynne Shotwell. · 2026-09-24
- Somewhat-Bullish Space Exploration Technologies Corp. Class A Share Price · 2026-09-24
- Neutral Certain Class A Common Stock of Space Exploration Technologies Corp. are subject to a Lock-Up Agreement Ending on 24-SEP-2026. · 2026-09-24
- Somewhat-Bullish SPCX Historical Stock Prices & Daily Price Data | Space Exploration Technologies Corp. · 2026-09-24
- Bullish Who Owns Cursor? Inside SpaceX’s $60 Billion Acquisition · 2026-09-24
- Neutral Space Exploration Technologies Corp. - Class A Common Stock (NQ: SPCX) · 2026-09-18
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)