Loading stockData sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Loading stockData sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Space Exploration Technologies Corp. Class A represents equity in an American aerospace, telecommunications, and artificial intelligence company commonly known as SpaceX. The company designs, manufactures, and launches advanced rockets and spacecraft, providing orbital launch services for commercial, civil, and defense customers worldwide. Through its Space division, it operates reusable launch vehicles and spacecraft for satellite deployment, cargo transport, and crewed missions. Its Starlink business delivers satellite-based broadband connectivity via a large low Earth orbit constellation, serving residential, enterprise, maritime, aviation, and government users across many countries. In addition, the company’s AI division runs an integrated platform built around its Grok large language model, real-time information and media services branded as X, and high-performance computing infrastructure for consumer and enterprise AI workloads. Headquartered in Starbase, Texas and founded in 2002, Space Exploration Technologies Corp. today functions as a diversified space transportation, global communications, and AI infrastructure provider with an integrated technology stack spanning rockets, satellites, networks, and software.
$145.30
$6.86 (-4.51%)
EOD Jul 10, 2026
The business is unprofitable at the operating level (-11.05% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 33.2%, still solid. Margins contracted 16.3pp, which offsets some of the top-line progress.
ROIC dropped from 1.86% to -3.12%, capital efficiency is deteriorating. Negative free cash flow of -$14.12B. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$18.67B
▲ +33.2% YoY
Net Income (TTM)
-$4.94B
▼ -724.1% YoY
Op. Margin
-11.05%
▼ -16.3pp YoY
ROIC
-3.12%
▼ -5.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$14.12B
▼ -162.1% YoY
Op. Cash Flow (TTM)
$7.26B
▲ +4.8% YoY
Net Debt
-$1.43B
Net Cash Position
Cash & Equiv.
$24.75B
Continue Research
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, weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
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 SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
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 SEC filings, not investment advice.