Stock · SPCX · Industrials

Space Exploration Technologies Corp. Class A Common Stock

United States · Large Cap · listed since 2026 · Revenue 12 mo. $32B

Price as of 11/06/2026

StockScorer score
1.8
of 10 2 of 11 points Low Match To the score
Price
$134.27
1 Y −10.1%
Market cap
$1.8T
Phase
Build-up
revenue growing, core business not yet profitable
Revenue +33.2% last yearEBIT margin −13.9%Payout 16.6% of operating cash flow

Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally.

moreless

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.

Original text from the data provider

Summary

Space Exploration Technologies Corp. Class A Common Stock is around the middle of the Industrials sector overall

43.8 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

Free cash flow was negative in 2025. No priced-in expectation can be derived from it.

No sign supports the expectation, 3 speak against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Loss over the last twelve months net income −€4.4B
  • Negative free cash flow FCF −€12.5B (2025)
  • Share count rising despite money spent on own shares shares +6.7% year on year

Since the last quarter

Q2 → Q3 2026

Mostly better than the previous quarter: 5 of 8 changes for the better.

  • Revenue, 12 mo.$23.0B → $32.0B+39.1%better
  • FCF, 12 mo.−$32.5B → −$39.3B−20.9%worse
  • Gross margin60.2% → 62.7%+2.5 ppbetter
  • EBIT margin−14.9% → −2.0%+12.9 ppbetter
  • FCF margin−141.0% → −122.6%+18.5 ppbetter
  • Net debt−$54.2B → −$12.5B+77.0%worse
  • Shares outstanding5.86B → 12.5B+112.7%worse
  • Return on equity−6.5% → −1.6%+4.9 ppbetter

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability18.2below the middleEarns less than the sector: EBIT margin −13.86%, sector 11.28%.
MetricStockSector medianPosition in sector
Return on equity−11.95%13.10%Rank 2
Return on capital (Greenblatt)−4.85%19.33%Rank 1
EBIT margin−13.86%11.28%Rank 0
FCF margin−74.71%8.50%Rank 0
Gross margin49.39%28.98%Rank 88
Growth98.1above the middleGrows faster than the sector: Sustainable growth (ROE × retained earnings) 111.05%, sector 4.02%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year33.24%5.15%Rank 97
Earnings growth, 3 years per yeardoes not count towards the rank–8.01%
Earnings growth, 5 years per yeardoes not count towards the rank–12.89%
Sustainable growth (ROE × retained earnings)111.05%4.02%Rank 100
Valuation4.2below the middleValued higher than the sector: EV/sales 96.37, sector 2.08.
MetricStockSector medianPosition in sector
Earnings yield−1.88%4.42%Rank 1
FCF yield−0.77%3.98%Rank 11
EV/saleslower is better96.372.08Rank 0
EV/EBITlower is betterdoes not count towards the rank–19.47
Momentum42.4around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year−10.15%−0.01%Rank 33
Share price, 6 months−0.06%−1.43%Rank 52
Share price, 3 months6.00%0.53%Rank 66
Distance from 52-week high−33.46%−16.36%Rank 20
Quality33.2below the middleQuality below the sector: Change in share count 6.66%, sector −0.44%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better10.53%1.39%Rank 7
Change in share countlower is better6.66%−0.44%Rank 3
Dividend streak in yearsdoes not count towards the rank–5
Price reaction to results, market-adjusted7.27%0.27%Rank 90
Balance sheet & risk67.0above the middleLess risk than the sector: Net debt/EBITDA −0.43, sector 1.38.
MetricStockSector medianPosition in sector
Equity ratio44.88%39.65%Rank 60
Net debt/EBITDAlower is better−0.431.38Rank 84
Debt to equitylower is better0.550.61Rank 57
Volatility, 1 yearlower is betterdoes not count towards the rank–32.95%

Ten years in figures

Revenue from $10.4B (2023) to $18.7B (2025), 34.1% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
202310.44.9%$105.0M––
202414.05.3%−$5.4B1.83B2.4
202518.7−13.9%−$14.0B1.95B−1.9
1.8 / 10Low MatchStockScorer score2 of 11 points

1 of 7 StockScorer Score rules met · How the score is built

Space Exploration Technologies Corp. Class A Common Stock mainly meets criteria in the Growth category. Result from 18 strategies checked.

This stock · Profitability: 0%This stock · Growth: 50%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Space Exploration Technologies Corp. Class A Common Stock's score is built

Space Exploration Technologies Corp. Class A Common Stock is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

1 of 7 rules met

2 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%met2 of 2 points
  6. 3-year earnings growth above 12% p.a.no data0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Space Exploration Technologies Corp. Class A Common Stock stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Acquirer's Multiple: EV/EBIT Deep Value
  • Moat Quality
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check
  • Growth Momentum (CAN SLIM principle)

Space Exploration Technologies Corp. Class A Common Stock key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Space Exploration Technologies Corp. Class A Common Stock.

MetricStockSector
P/E ratio–22.5
P/B ratio6.32.9
Return on equity (ROE)−11.9%13.1%
Equity ratio44.9%39.7%
Debt-to-equity (D/E)0.550.61
Dividend yield–2.0%

Similar stocks in Industrials

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
SPCXSpace Exploration Technologies Corp. Class A Common Stockthis page
GEGE AerospaceHigh7.3
RTXRTX CorporationLow2.7
AIR.PAAirbus Group SELow0.9
SAF.PASafran SAlocked
BAThe Boeing Companylocked

Frequently asked questions about Space Exploration Technologies Corp. Class A Common Stock stock

How does Space Exploration Technologies Corp. Class A Common Stock stock (SPCX) score in the StockScorer model?
Space Exploration Technologies Corp. Class A Common Stock stock reaches a StockScorer score of 1.8 out of 10, which is a low match with the rule-based strategies. 1 out of 7 flagship profile rules are met.
What sector is Space Exploration Technologies Corp. Class A Common Stock in?
Space Exploration Technologies Corp. Class A Common Stock is assigned to the Industrials sector. Its rank within the sector is 43.8 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

Unlock the full analysis for free

Signed up in 30 seconds, free.

  • More metrics: FCF margin, cash flow yield and more
  • Full peer comparison within the same sector
  • See the match across all strategies in detail
  • Apply your own scoring profile to any stock
  • Add the stock to your watchlist and track score changes
  • Daily updated ratings, rule-based and transparent

Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.

How StockScorer rates every stock is explained on the methodology page.