Space Exploration Technologies Corp.
Space Exploration Technologies Corp. Class A Common Stock represents ownership in Space Exploration Technologies Corp., commonly known as SpaceX, a space technology, connectivity, and artificial intelligence company headquartered in Starbase, Texas. The company designs, manufactures, and operates reusable rockets, spacecraft, and launch systems for commercial, government, and institutional customers, supporting missions that place payloads into orbit and enable broader access to space. Its Connectivity segment operates satellite-based broadband and communications services through the Starlink network, serving consumers, enterprises, and government users in multiple regions. The company also maintains an AI segment that develops software, models, and computing infrastructure integrated with its broader technology ecosystem. Space Exploration Technologies Corp. plays a significant role in aerospace, satellite communications, and advanced AI infrastructure, making it a diversified participant in several high-technology markets.
$147.49
+$2.74 (+1.89%)
EOD Oct 23, 2026
The business is unprofitable at the operating level (-11.05% margin). The case rests on reaching sustained profitability.
Revenue grew 33.2% in the fiscal year ended Dec 2025, still solid. Margins contracted 16.3pp, which offsets some of the top-line progress.
ROIC fell 5.0 points in the fiscal year ended Dec 2025, capital efficiency is deteriorating. Negative free cash flow of -$14.12B. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (FY)
$18.67B
▲ +33.2% YoY
Net Income (FY)
-$4.94B
▼ -724.1% YoY
Op. Margin
-11.05%
▼ -16.3pp YoY
ROIC
-3.12%
▼ -5.0pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$14.12B
▼ -162.1% YoY
Op. Cash Flow (FY)
$6.79B
▲ +17.5% YoY
Net Debt
-$1.43B
Net Cash Position
Cash & Equiv.
$24.75B
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Is Space Exploration Technologies (SPCX) overvalued?
Space Exploration Technologies (SPCX)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Space Exploration Technologies scores 35/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Space Exploration Technologies a high-quality business?+
Space Exploration Technologies scores 35 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -11.1% operating margin and a -3.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Space Exploration Technologies a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh SPCX's valuation and scores 35/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Aerospace & Defense
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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