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    SPCX

    SPACE EXPLORATION TECHNOLOGIES CORP

    Company overview

    Market capitalization
    $1.92T
    Employees
    22,000
    Latest publication
    2026-09-29
    About SPACE EXPLORATION TECHNOLOGIES CORP

    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.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ1 20252025-03-31 · USD
    Total Revenue7,814,000,000USD4,694,000,000USD4,067,000,000USD
    Cost Of Revenue3,495,000,000USD2,388,000,000USD1,962,000,000USD
    Gross Profit4,319,000,000USD2,306,000,000USD2,105,000,000USD
    Research Development3,548,000,000USD3,514,000,000USD1,557,000,000USD
    Selling General Administrative912,000,000USD746,000,000USD493,000,000USD
    Total Operating Expenses4,462,000,000USD4,249,000,000USD4,012,000,000USD
    Operating Income-143,000,000USD-1,943,000,000USD55,000,000USD
    Total Other Income Expense Net-375,000,000USD-2,327,000,000USD-239,000,000USD
    Interest Income340,000,000USD213,000,000USD117,000,000USD
    Interest Expense629,000,000USD664,000,000USD447,000,000USD
    Income Before Tax-518,000,000USD-4,270,000,000USD-514,000,000USD
    Income Tax Expense23,000,000USD6,000,000USD—
    Net Income-541,000,000USD-4,276,000,000USD-528,000,000USD
    Net Income Applicable To Common Shares-541,000,000USD——
    Net Interest Income—-451,000,000USD-330,000,000USD
    Tax Provision—6,000,000USD14,000,000USD
    Net Income From Continuing Ops—-4,276,000,000USD-528,000,000USD
    Ebit—-67,000,000USD—
    Ebitda—2,375,000,000USD—
    Depreciation And Amortization—2,442,000,000USD—
    Reconciled Depreciation—2,442,000,000USD1,443,000,000USD
    Unclassified Operating Expenses——1,962,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Total Revenue18,674,000,000USD14,015,000,000USD10,387,000,000USD
    Cost Of Revenue9,451,000,000USD7,996,000,000USD6,110,000,000USD
    Gross Profit9,223,000,000USD6,019,000,000USD4,277,000,000USD
    Research Development8,643,000,000USD3,464,000,000USD2,105,000,000USD
    Selling General Administrative2,644,000,000USD1,813,000,000USD1,665,000,000USD
    Unclassified Operating Expenses525,000,000USD7,996,000,000USD6,110,000,000USD
    Total Operating Expenses11,812,000,000USD13,273,000,000USD9,880,000,000USD
    Operating Income-2,589,000,000USD742,000,000USD507,000,000USD
    Interest Income492,000,000USD371,000,000USD249,000,000USD
    Interest Expense1,945,000,000USD1,580,000,000USD1,693,000,000USD
    Net Interest Income-1,453,000,000USD-1,209,000,000USD-1,444,000,000USD
    Income Before Tax-4,219,000,000USD242,000,000USD-4,991,000,000USD
    Income Tax Expense718,000,000USD——
    Tax Provision718,000,000USD-549,000,000USD-363,000,000USD
    Net Income-4,937,000,000USD791,000,000USD-4,628,000,000USD
    Net Income From Continuing Ops-4,937,000,000USD791,000,000USD-4,628,000,000USD
    Ebit-2,412,000,000USD——
    Ebitda4,289,000,000USD——
    Depreciation And Amortization6,701,000,000USD——
    Reconciled Depreciation6,701,000,000USD3,824,000,000USD2,635,000,000USD
    Total Other Income Expense Net-1,630,000,000USD709,000,000USD-4,054,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USD
    Total Assets192,770,000,000USD102,094,000,000USD
    Cash And Equivalents93,522,000,000USD—
    Cash And Short Term Investments100,009,000,000USD23,675,000,000USD
    Short Term Investments6,487,000,000USD7,823,000,000USD
    Total Current Assets108,047,000,000USD29,732,000,000USD
    Other Current Assets583,000,000USD1,636,000,000USD
    Other Non Current Assets3,454,000,000USD—
    Total Liabilities65,546,000,000USD—
    Total Current Liabilities21,122,000,000USD24,436,000,000USD
    Other Current Liabilities2,377,000,000USD—
    Other Non Current Liabilities1,276,000,000USD—
    Total Stockholder Equity127,224,000,000USD41,582,000,000USD
    Total Equity Including Noncontrolling Interest127,224,000,000USD—
    Long Term Debt36,839,000,000USD28,727,000,000USD
    Deferred Revenue7,977,000,000USD—
    Deferred Revenue Non Current6,309,000,000USD—
    Net Receivables3,596,000,000USD1,833,000,000USD
    Inventory2,718,000,000USD2,588,000,000USD
    Property Plant Equipment Net65,736,000,000USD55,061,000,000USD
    Goodwill11,645,000,000USD—
    Intangible Assets1,318,000,000USD1,432,000,000USD
    Accounts Payable8,243,000,000USD10,002,000,000USD
    Short Term Debt344,000,000USD1,538,000,000USD
    Retained Earnings-41,852,000,000USD-41,311,000,000USD
    Accumulated Other Comprehensive Income1,719,000,000USD1,755,000,000USD
    Total Liab—60,512,000,000USD
    Other Current Liab—5,088,000,000USD
    Common Stock—6,000,000USD
    Capital Stock—7,055,000,000USD
    Good Will—11,681,000,000USD
    Cash—15,852,000,000USD
    Current Deferred Revenue—7,207,000,000USD
    Net Debt—14,413,000,000USD
    Short Long Term Debt—1,538,000,000USD
    Short Long Term Debt Total—30,265,000,000USD
    Property Plant Equipment Gross—69,753,000,000USD
    Common Stock Shares Outstanding—3,884,000,000shares
    Non Current Assets Total—72,362,000,000USD
    Non Current Liabilities Total—36,076,000,000USD
    Non Current Liabilities Other—1,320,000,000USD
    Non Currrent Assets Other—3,975,000,000USD
    Net Working Capital—5,296,000,000USD
    Unclassified Current Liabilities—-937,000,000USD
    Unclassified Non Current Liabilities—6,029,000,000USD
    Unclassified Equity—74,077,000,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USD
    Total Assets92,079,000,000USD57,062,000,000USD
    Intangible Assets1,548,000,000USD3,956,000,000USD
    Other Current Assets2,210,000,000USD371,000,000USD
    Total Liab50,754,000,000USD31,258,000,000USD
    Total Stockholder Equity41,325,000,000USD25,804,000,000USD
    Other Current Liab2,006,000,000USD530,000,000USD
    Common Stock4,000,000USD—
    Capital Stock38,756,000,000USD20,944,000,000USD
    Retained Earnings-37,035,000,000USD-32,098,000,000USD
    Good Will11,809,000,000USD11,129,000,000USD
    Cash24,747,000,000USD11,385,000,000USD
    Cash And Short Term Investments24,747,000,000USD—
    Total Current Assets30,952,000,000USD16,108,000,000USD
    Total Current Liabilities21,400,000,000USD11,791,000,000USD
    Current Deferred Revenue6,111,000,000USD—
    Net Debt-1,851,000,000USD2,408,000,000USD
    Short Term Debt928,000,000USD—
    Short Long Term Debt928,000,000USD372,000,000USD
    Short Long Term Debt Total22,896,000,000USD—
    Long Term Debt21,968,000,000USD13,421,000,000USD
    Short Term Investments800,000,000USD800,000,000USD
    Net Receivables1,579,000,000USD1,052,000,000USD
    Inventory2,416,000,000USD2,003,000,000USD
    Accounts Payable11,792,000,000USD4,413,000,000USD
    Property Plant Equipment Net43,862,000,000USD22,833,000,000USD
    Property Plant Equipment Gross56,563,000,000USD30,373,000,000USD
    Accumulated Other Comprehensive Income1,898,000,000USD—
    Common Stock Shares Outstanding2,926,000,000shares13,075,865,175shares
    Non Current Assets Total61,127,000,000USD40,950,000,000USD
    Non Current Liabilities Total29,354,000,000USD19,467,000,000USD
    Non Current Liabilities Other1,381,000,000USD1,365,000,000USD
    Non Currrent Assets Other3,767,000,000USD2,336,000,000USD
    Net Working Capital9,552,000,000USD4,317,000,000USD
    Unclassified Current Assets-800,000,000USD497,000,000USD
    Unclassified Current Liabilities-365,000,000USD6,476,000,000USD
    Unclassified Non Current Liabilities6,005,000,000USD4,681,000,000USD
    Unclassified Equity37,702,000,000USD36,958,000,000USD
    Unclassified Non Current Assets—696,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation5,290,000,000USD
    Stock Based Compensation1,470,000,000USD
    Deferred Income Tax-9,000,000USD
    Other Non Cash Items-1,473,000,000USD
    Change To Account Receivables-2,003,000,000USD
    Change To Inventory-827,000,000USD
    Change To Liabilities39,000,000USD
    Change In Working Capital-2,689,000,000USD
    Operating Cash Flow3,466,000,000USD
    Capital Expenditures-28,476,000,000USD
    Net Investments-13,630,000,000USD
    Other Investing Activities-52,000,000USD
    Unclassified Investing Cash Flow7,671,000,000USD
    Investing Cash Flow-34,487,000,000USD
    Net Debt Issuance12,243,000,000USD
    Common Stock Issuance316,000,000USD
    Net Common Stock Issuance-559,000,000USD
    Unclassified Financing Cash Flow88,291,000,000USD
    Financing Cash Flow100,291,000,000USD
    Effect Of Forex Changes On Cash-42,000,000USD
    Change In Cash69,228,000,000USD
    End Cash Flow94,352,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ1 20252025-03-31 · USD
    Net Income-4,276,000,000USD-528,000,000USD
    Depreciation2,442,000,000USD1,443,000,000USD
    Stock Based Compensation639,000,000USD232,000,000USD
    Other Non Cash Items1,868,000,000USD49,000,000USD
    Change To Account Receivables-218,000,000USD-197,000,000USD
    Change To Inventory-384,000,000USD-322,000,000USD
    Change In Working Capital374,000,000USD-689,000,000USD
    Total Cash From Operating Activities1,047,000,000USD727,000,000USD
    Capital Expenditures-10,107,000,000USD-4,140,000,000USD
    Free Cash Flow-9,060,000,000USD-3,413,000,000USD
    Investments-7,801,000,000USD-23,000,000USD
    Total Cashflows From Investing Activities-16,724,000,000USD—
    Net Borrowings4,317,000,000USD-67,000,000USD
    Total Cash From Financing Activities7,125,000,000USD354,000,000USD
    Sale Purchase Of Stock-4,346,000,000USD-508,000,000USD
    Issuance Of Capital Stock8,319,000,000USD899,000,000USD
    Change In Cash-8,516,000,000USD-3,019,000,000USD
    Begin Period Cash Flow25,124,000,000USD11,501,000,000USD
    End Period Cash Flow16,608,000,000USD8,482,000,000USD
    Other Cashflows From Investing Activities1,184,000,000USD—
    Other Cashflows From Financing Activities-1,276,000,000USD—
    Unclassified Financing Cash Flow8,430,000,000USD929,000,000USD
    Unclassified Operating Cash Flow—220,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Net Income-4,937,000,000USD791,000,000USD-4,628,000,000USD
    Depreciation6,701,000,000USD3,824,000,000USD2,635,000,000USD
    Stock Based Compensation1,947,000,000USD784,000,000USD679,000,000USD
    Other Non Cash Items359,000,000USD199,000,000USD426,000,000USD
    Change To Account Receivables-543,000,000USD-347,000,000USD345,000,000USD
    Change To Inventory-413,000,000USD-309,000,000USD-72,000,000USD
    Change In Working Capital2,089,000,000USD1,673,000,000USD2,006,000,000USD
    Total Cash From Operating Activities6,785,000,000USD5,776,000,000USD4,520,000,000USD
    Capital Expenditures-20,737,000,000USD-11,163,000,000USD-4,415,000,000USD
    Free Cash Flow-13,952,000,000USD-5,387,000,000USD105,000,000USD
    Investments1,394,000,000USD363,000,000USD-471,000,000USD
    Total Cashflows From Investing Activities-19,575,000,000USD——
    Net Borrowings8,902,000,000USD-231,000,000USD-112,000,000USD
    Total Cash From Financing Activities26,350,000,000USD11,830,000,000USD422,000,000USD
    Sale Purchase Of Stock-1,125,000,000USD-1,021,000,000USD-170,000,000USD
    Issuance Of Capital Stock18,807,000,000USD13,101,000,000USD774,000,000USD
    Change In Cash13,623,000,000USD6,811,000,000USD73,000,000USD
    Begin Period Cash Flow11,501,000,000USD4,690,000,000USD4,617,000,000USD
    End Period Cash Flow25,124,000,000USD11,501,000,000USD4,690,000,000USD
    Other Cashflows From Investing Activities-232,000,000USD——
    Other Cashflows From Financing Activities-562,000,000USD——
    Unclassified Operating Cash Flow626,000,000USD-1,495,000,000USD3,402,000,000USD
    Unclassified Financing Cash Flow19,135,000,000USD13,082,000,000USD704,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Backlog

    Period endPeriodValueUnitSource
    2026-06-30instant47,461,000,000USDDisclosure

    Customer Payload Mass to Orbit

    Period endPeriodValueUnitSource
    2026-06-30quarter87metric tonsDisclosure

    Falcon Customer Launches

    Period endPeriodValueUnitSource
    2026-06-30quarter37launchesDisclosure

    Falcon Internal Launches

    Period endPeriodValueUnitSource
    2026-06-30quarter37launchesDisclosure

    Falcon Launches

    Period endPeriodValueUnitSource
    2026-06-30quarter37launchesDisclosure

    Internal Payload Mass to Orbit

    Period endPeriodValueUnitSource
    2026-06-30quarter397metric tonsDisclosure

    Mass to Orbit

    Period endPeriodValueUnitSource
    2026-06-30quarter485metric tonsDisclosure

    Nameplate Compute Draw

    Period endPeriodValueUnitSource
    2026-06-30instant1.4gigawattsDisclosure

    Starlink Markets Served

    Period endPeriodValueUnitSource
    No published observations yet.

    Starlink Satellites in Low-Earth Orbit

    Period endPeriodValueUnitSource
    No published observations yet.

    Starlink Subscriber ARPU

    Period endPeriodValueUnitSource
    2026-06-30quarter66USD per monthDisclosure

    Starlink Subscribers

    Period endPeriodValueUnitSource
    2026-06-30instant12,000,000service linesDisclosure

    Starship Launches

    Period endPeriodValueUnitSource
    2026-06-30quarter1launchesDisclosure

    Total launches

    Period endPeriodValueUnitSource
    2026-06-30quarter37countDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductProduct461,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductServices7,353,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentAI2,561,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentConnectivity4,291,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentSpace962,000,000USDDisclosure

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.