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SpaceX combines launch, Starlink connectivity, and AI infrastructure in a uniquely ambitious but capital-intensive public company.
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Form 4 reports insider transactions. Schedule 13D and 13G filings report certain significant ownership positions. 13F reports institutional holdings when filed by an investment manager. Always open the original filing for context.
This is a data-generated overview, not a published Rithvik Chethan research rating. Figures use the latest usable company filing and may differ from vendor-calculated trailing metrics.
Annual values from SEC filings. Free cash flow is calculated as operating cash flow less capital expenditures.
The SEC filing feed did not return a consistent annual series for this metric.
The SEC filing feed did not return a consistent annual series for this metric.
The SEC filing feed did not return a consistent annual series for this metric.
The SEC filing feed did not return a consistent annual series for this metric.
The SEC filing feed did not return a consistent annual series for this metric.
The SEC filing feed did not return a consistent annual series for this metric.
Review the Earnings tab for the expected date and estimates.
4 filing
EMA, RSI, MACD, volume, structure, and key levels update after a completed daily candle.
The overall score is a weighted research judgment covering business quality, fundamental strength, growth catalysts, valuation, technical condition, and downside risk. A high score does not eliminate risk, and a low score does not guarantee poor performance.
The rating combines business quality, fundamentals, growth, valuation, technicals, and risk. It is a research opinion, not a price target or prediction.
Space Exploration Technologies Corp. operates three major businesses after combining SpaceX and xAI:
SpaceX's business model combines launch contracts, recurring Starlink subscriptions, hardware sales, government work, and AI services. Launch capability supports the low-cost deployment of the company's own satellite network, giving SpaceX an integration advantage that independent launch or broadband competitors cannot easily reproduce.
First-quarter 2026 revenue reached $4.69 billion, up about 15% year over year. Full-year 2025 revenue was $18.67 billion, up from $14.02 billion in 2024 and $10.39 billion in 2023.
Growth has not yet produced consolidated profitability. The company reported a first-quarter operating loss of $1.94 billion and net loss of $4.28 billion. Full-year 2025 operating loss was $2.59 billion and net loss was $4.94 billion.
The segment economics are very different:
Starlink is the current profit engine. The AI segment and Starship development are consuming large amounts of capital in pursuit of much larger future markets.
Starlink subscribers reached 10.3 million at March 31, 2026, up from 5.0 million a year earlier. Average monthly revenue per user fell to approximately $66 from $86 as international and lower-priced plans became a larger part of the mix.
SpaceX reported more than 9,600 Starlink satellites in orbit and service across 164 countries and territories. It completed 165 Falcon 9 launches in 2025, including 157 missions using flight-proven boosters. Reusability and launch cadence are central parts of the company's cost advantage.
The IPO sold 638.9 million shares at $135 and generated about $85.7 billion of gross proceeds. That capital materially strengthens liquidity, but it does not remove the need to earn acceptable returns on Starship, satellites, and AI data centers.
At the market snapshot, SPCX traded near $133, slightly below its $135 IPO price. A normal P/E ratio is not meaningful because the company is loss-making. Revenue-based comparisons are also highly sensitive to share-count assumptions and the value investors assign separately to launch, Starlink, and AI.
My valuation view is speculative. SpaceX owns scarce assets, but public investors are paying for long-term outcomes that are not yet visible in current earnings or free cash flow.
SPCX has only traded since June 2026, so a complete 200-day EMA and long-term daily structure do not exist yet. The live technical panel will activate automatically after enough completed sessions are available.
Until then, the IPO price, completed daily closes, opening gaps, volume, and post-IPO highs and lows are the most useful reference points. New issues can be unusually volatile because price discovery is still taking place and the public float is developing.
Shorter-term fair value gaps, order blocks, liquidity zones, and changes of character can be estimated from the available price history. A 200-day trend cannot be inferred honestly from a company with only a few months of public trading.
The automated panel will expand as the history grows. For now, post-IPO highs, lows, unfilled gaps, and the $135 offering price deserve more weight than long-term indicators.
The most important checkpoints are Starship payload delivery, Starlink subscriber economics, AI losses, cash consumption, major launch milestones, and the first public-company earnings reports.
Final view: SpaceX earns a neutral and speculative 64. Its launch position, Starlink scale, subscriber growth, reusability, and long-term optionality are exceptional. Current losses, enormous spending, AI risk, concentrated control, and the lack of public trading history prevent a bullish rating today.
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The stock may not have enough completed daily history yet. This panel will retry automatically and activate as soon as a reliable 200-day EMA can be calculated.
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With a new $946 million, NASA has extended Space Exploration Technologies Corp.’s (NASDAQ:SPCX) crewed ISS mission commitments through 2030, bringing the total contract value to nearly $6 billion. This news comes after CFO Bret Johnsen showed confidence that the company can reach $100 billion in annual revenue run rate by the end of 2026, a […]