SPACE EXPLORATION TECHNOLOGIES CORP (SPCX)
Space Exploration Technologies Corp. designs, manufactures, and launches rockets and spacecraft, and provides satellite-based broadband services in the United States, Ireland, and Canada. The company offers launch services for satellites, cargo, and crew to destinations such as low Earth orbit, the International Space Station, the Moon, and Mars, using vehicles, including Falcon 9, Falcon Heavy, and Starship. It provides dedicated rideshare missions for small satellites, manufactures reusable rockets and spacecraft, such as Dragon and Starship, and conducts suborbital and orbital flight tests. The company supplies broadband internet connectivity through the Starlink satellite network for consumer and commercial use, and offers Starshield, a satellite-based solution for government users focused on sensing, communications, and satellite bus services. It supports scientific research opportunities and provides on-orbit research and travel services for private and government customers, and collaborates with government agencies for national security space launch missions. The company serves government agencies, national security organizations, commercial satellite operators, research institutions, and private spaceflight clients, supporting scientific research and commercial payload missions for professional and industrial clients in the aerospace and telecommunications sectors. The company was founded in 2002 and is based in Starbase, Texas.
Sector: Services-Computer Programming, Data Processing, Etc.
Industry: Aerospace & Defense
Space Exploration Technologies Corp.
No splits on record
Nothing in SPCX's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $18.67B | $14.02B | $10.39B |
| YoY Growth | 33.2% | 34.9% | - |
| Cost of Revenue | $9.45B | $8B | $6.11B |
| Gross Profit | $9.22B | $6.02B | $4.28B |
| Gross Margin | 49.4% | 42.9% | 41.2% |
| Research and Development | $8.64B | $3.46B | $2.1B |
| Selling, General, and Administrative | $2.64B | $1.81B | $1.67B |
| Other | $525M | $276M | $4.01B |
| Total Operating Expenses | $11.81B | $5.55B | $7.78B |
| Operating Income (EBIT) | -$2.59B | $466M | -$3.5B |
| Operating Margin | -13.9% | 3.3% | -33.7% |
| Interest Expense | $1.95B | $1.58B | $1.69B |
| Interest Income | $492M | $371M | $249M |
| Other Income (Expense) | -$1.63B | -$224M | -$1.49B |
| Income Before Tax (EBT) | -$4.22B | $242M | -$4.99B |
| Income Tax Expense | $718M | -$549M | -$363M |
| Net Income | -$4.94B | $791M | -$4.63B |
| Net Income Margin | -26.4% | 5.6% | -44.6% |
| Supplementary Data | |||
| EPS | -1.69 | 0.01 | -1.68 |
| Diluted EPS | -1.69 | 0.00 | -1.68 |
| Weighted Average OS | 2.93B | 2.85B | 2.76B |
| EBITDA | $4.29B | $3.31B | -$828M |
| EBITDA Margin | 23.0% | 23.6% | -8.0% |
| Period | FY 2025 | FY 2024 |
|---|---|---|
| Currency | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 |
| Assets | ||
| Current Assets | ||
| Cash and Cash Equivalents | $24.75B | $11.38B |
| Short-Term Investments | $0 | $800M |
| Cash and Short-Term Investments | $24.75B | $12.19B |
| Accounts Receivable | $1.58B | $1.05B |
| Inventory | $2.42B | $2B |
| Other Current Assets | $2.21B | $868M |
| Total Current Assets | $30.95B | $16.11B |
| Long-Term Assets | ||
| Property, Plant & Equipment Net | $43.86B | $22.83B |
| Goodwill | $11.81B | $11.13B |
| Intangible Assets | $1.55B | $2.21B |
| Long-Term Investments | $0 | $0 |
| Deferred Tax Assets | $141M | $696M |
| Other Long-Term Assets | $3.77B | $4.08B |
| Total Long-Term Assets | $61.13B | $40.95B |
| Other Assets | $0 | $0 |
| Total Assets | $92.08B | $57.06B |
| Liabilities | ||
| Current Liabilities | ||
| Accounts Payable | $11.79B | $4.41B |
| Short-Term Debt | $928M | $372M |
| Current Income Tax Payable | $563M | $112M |
| Current Unearned Revenue | $6.11B | $5.5B |
| Other Current Liabilities | $0 | $0 |
| Total Current Liabilities | $21.4B | $11.79B |
| Long-Term Liabilities | ||
| Long-Term Debt | $21.97B | $13.42B |
| Long-Term Unearned Revenue | $6B | $4.68B |
| Long-Term Deferred Tax Liabilities | $0 | $0 |
| Other Long-Term Liabilities | $1.38B | $1.36B |
| Total Long-Term Liabilities | $29.35B | $19.47B |
| Other Liabilities | $0 | $0 |
| Total Liabilities | $50.75B | $31.26B |
| Stockholders' Equity | ||
| Preferred Stock | $38.75B | $20.94B |
| Common Stock | $4M | $3M |
| Retained Earnings | -$37.03B | -$32.1B |
| Comprehensive Income & Other | $1.9B | $1.09B |
| Other Stockholders' Equity | $78.36B | $57.9B |
| Total Equity | $41.33B | $25.8B |
| Minority Interest | $0 | $0 |
| Total Liabilities and Equity | $92.08B | $57.06B |
| Supplementary Data | ||
| Total Debt | $22.9B | $13.79B |
| Net Debt | -$1.85B | $2.41B |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Operating Activities | |||
| Net Income | -$4.94B | $791M | -$4.63B |
| Depreciation & Amortization | $6.7B | $3.82B | $2.63B |
| Deferred Income Tax | $626M | -$675M | -$409M |
| Stock-Based Compensation | $1.95B | $784M | $679M |
| Changes in Working Capital: | |||
| Accounts Receivable | -$543M | -$347M | $345M |
| Inventory | -$413M | -$309M | -$72M |
| Accounts Payable | $709M | $472M | $220M |
| Other Working Capital | $2.34B | $1.86B | $1.51B |
| Total Working Capital Change | $2.09B | $1.67B | $2.01B |
| Other Non-Cash Items | $359M | -$621M | $4.24B |
| Net Cash from Operating | $6.79B | $5.78B | $4.52B |
| Investing Activities | |||
| Capital Expenditures | -$20.74B | -$11.16B | -$4.42B |
| Acquisitions | $0 | $0 | $0 |
| Purchases of Investments | -$611M | -$3.54B | -$3.54B |
| Sales of Investments | $2B | $3.9B | $3.06B |
| Other Investing Activities | -$232M | $4M | $19M |
| Net Cash from Investing | -$19.57B | -$10.8B | -$4.87B |
| Financing Activities | |||
| Debt Repaid | -$8.9B | $231M | $112M |
| Common Stock Issuance | $19.14B | $13.32B | $915M |
| Common Stock Repurchases | -$1.13B | -$1.02B | -$170M |
| Dividends Paid | $0 | $0 | $0 |
| Other Financing Activities | -$562M | -$243M | -$211M |
| Net Cash from Financing | $26.35B | $11.83B | $422M |
| Forex Effect | $63M | $1M | -$2M |
| Net Change in Cash | $13.62B | $6.81B | $73M |
| Supplementary Data | |||
| Operating Cash Flow | $6.79B | $5.78B | $4.52B |
| Capital Expenditure | -$20.74B | -$11.16B | -$4.42B |
| Free Cash Flow | -$13.95B | -$5.39B | $105M |
| Cash at Beginning | $11.5B | $4.69B | $4.62B |
| Cash at End | $25.12B | $11.5B | $4.69B |