Space Exploration Technologies Corp.
Services-Computer Programming, Data Processing, Etc.
Founded in 2002 and commonly known as SpaceX, the Space Exploration Technologies Corporation designs, manufactures, and operates a family of reusable rockets to launch various payloads into Earth orbit for government and commercial customers.
It is a $2.15T technology company. Revenue grew 33.2% over the last year, it currently loses money, and it holds more cash than debt.
- Website
- spacex.com
- Location
- Starbase, TX
- Employees
- 22 000
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Growth, Profitability, Quality and Moat lag behind.
Valuation20
- P/E vs own historyn/a · 10/25
- FCF yield-3.2% · 0/25
- P/S70.8x · 0/25
- EV/EBITDAn/a · 10/25
Growth25
- Revenue CAGR34.1% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growthn/a · 0/25
Profitability0
- ROIC-7.4% · 0/25
- ROEn/a · 0/25
- Net margin-34.0% · 0/25
- Operating margin-19.9% · 0/25
Health50
- Altman Zn/a · 0/25
- Current ratio5.12 · 25/25
- Interest coverage-1.7x · 0/25
- Net cash / debtNet cash · 25/25
Quality28
- Piotroski F4/9 · 10/25
- Beneish M-1.34 · 6/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 9.7% · 12/25
Moat20
- ROIC >12% years0/3 yrs · 0/25
- Median gross margin42.9% · 20/25
- FCF-positive years0/3 yrs · 0/25
- Worst-year net marginworst -44.6% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialTurned profitable$18.0M net income after a loss year
- FY2024FinancialBecame debt-freecash now exceeds total debt
- FY2024FinancialBest year on record$18.0M net income
- FY2023FinancialRevenue already above $10B$10.4B in first reported year
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (50.8%)
- Revenue growing 33.2% year over year
- Net cash position after subtracting debt from cash
Watch-outs
- Not profitable — 34.0% net margin
- Negative free cash flow (-$68.1B)
- Thin interest coverage (-1.7×)
- Loss-making in 2 of the recent years
- Short reporting history — trends are less reliable
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+33.2% YoY
- Profitable — makes more than it spends-$9.23B TTM
- Profit growing — earnings are higher than last year-27527.8% YoY
- Generates cash — cash left after running and investing-$68.1B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$2.15T market cap
- Not printing shares — share count not ballooning — you keep your slice+8.9% shares over ~5y
- Proven track record — years of profitability behind it1/3 profitable years
- Financially stable — balance sheet not near distresshealth score 25/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsno data
Peer comparisonSpace Exploration Technologies Corp. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SPCX this company | $2.1T | — | +33.2% | -34.0% | Strained |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
| AVGO Broadcom Inc. | $1.7T | 45.1 | +48.7% | 42.9% | Mixed |
Head-to-head: SPCX vs NVDA · SPCX vs AAPL · SPCX vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2023–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SPCX
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SPCX on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $162.80 · market cap $2.15T.