# Space Exploration Technologies Corp. Class A Common Stock (SPCX) — Stock CV

Space Exploration Technologies Corp. 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.

> 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.

## Identity

- **Ticker**: SPCX
- **Sector**: Technology
- **Industry**: Services-Computer Programming, Data Processing, Etc.
- **Headquarters**: STARBASE, TX
- **Employees**: 22 000
- **Website**: https://www.spacex.com
- **Market cap**: $2.15T
- **Last price**: $162.80
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $27.1B
- **Net income**: -$9.23B
- **Free cash flow**: -$68.1B
- **Net cash**: $60.3B
- **Revenue growth (YoY)**: 33.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 20 |
| Growth | 25 |
| Profitability | 0 |
| Health | 50 |
| Quality | 28 |
| Moat | 20 |

## Qualifications (beginner checklist) — 4 of 9 passed

- [x] Revenue growing — +33.2% YoY
- [ ] Profitable — -$9.23B TTM
- [ ] Profit growing — -27527.8% YoY
- [ ] Generates cash — -$68.1B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $2.15T market cap
- [x] Not printing shares — +8.9% shares over ~5y
- [ ] Proven track record — 1/3 profitable years
- [ ] Financially stable — health score 25/100

## Experience (career milestones)

- **FY2024** — Turned profitable: $18.0M net income after a loss year
- **FY2024** — Became debt-free: cash now exceeds total debt
- **FY2024** — Best year on record: $18.0M net income
- **FY2023** — Revenue already above $10B: $10.4B in first reported year

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $10.4B | -$4.63B | -$5.39B |
| FY2024 | $14.0B | $18.0M | -$14.1B |
| FY2025 | $18.7B | -$4.94B | -$32.5B |

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Source: https://stockcv.com/SPCX — derived from company filings; may be delayed or incomplete. Information, not investment advice.