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SPCX

Space Exploration Technologies Corp.

SPCX

NASDAQ·Industrials·Aerospace & Defense·Mkt cap $2.1T

$158.97

+0.90%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$147.11 - $225.64

P/E

-125.17

Fwd P/E

-141.93

Beta

0.00

Div Yield

0.00%

Avg Vol

192.4M

Shares Out

Mkt Cap

$2.1T

Price action

Price chart

Down 2.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Vertical integration enabling rapid innovation and cost control across design, manufacturing, and launch operations
  • Reusable rocket technology dramatically reducing launch costs and increasing flight frequency compared to competitors
  • Established government relationships and national security contracts providing stable, long-term revenue streams
  • Starlink's first-mover advantage in mega-constellation satellite broadband with global coverage and growing subscriber base
  • Proprietary spacecraft and propulsion systems creating high barriers to entry for competitors

Bear Case

1 risk

  • Low volatility (beta 0.0).

Growth

Strong growth ahead

Expanding commercial satellite launch demand from telecommunications and Earth observation sectors

Value

Deep value opportunity - significant discount to sector peers

Momentum

Stable

-2.1% over 3m

Quality

Strong

Below average quality

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 6, 2026

Q2 26 RECAP

JUN 3, 2026

Earnings recap unavailable for this period.

EPS surprise · last 4Q

0 of 1 beats

Q2 26

Next: Aug 6, 2026

Revenue trend · last 1Q

Q1 26

$4.7B

Margins · last 1Q

Profit

-91.1%

Wall Street consensus

15 analysts · 60% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

9

60%

Hold

4

27%

Sell

2

13%

Median Price Target

Latest: Daiwa Capital · Jul 2, 2026

vs Industry

How SPCX stacks vs Aerospace & Defense

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.

Themes

No themes assigned.