SpaceX
Runs Starlink connectivity, reusable launch services, and an AI platform spanning Grok and X.
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Profile
Sells Starlink and Starshield connectivity, Falcon launches and Dragon missions, plus Grok, X, and AI compute services. Connectivity provides most revenue, while reusable launch hardware, government contracts, and owned compute infrastructure shape the operating model.
Operates across satellite connectivity, space transportation, and artificial intelligence. Starlink sells low-Earth-orbit broadband to consumers, enterprises, aircraft, ships, and governments, while Starshield serves U.S. national-security customers. Falcon 9 and Falcon Heavy launch commercial and government payloads; Dragon carries crew and cargo, and Starship remains in development.
Designs, manufactures, launches, and operates much of its rocket, spacecraft, satellite, and network stack. Reusable Falcon boosters support launch cadence, while a large in-house satellite constellation extends connectivity across international markets.
Grok models, X advertising and subscriptions, data licensing, and third-party compute access form the AI business around the COLOSSUS infrastructure. Connectivity supplies most revenue, while the Space business relies on government missions and the AI business requires substantial computing capacity.
Company facts
Categories
Key statistics
Year to date −12.1% · Average volume (30d) 99.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Wolfe Research | Reiterate | Outperform | $175 | ||
| Aug 17, 2026 | UBS | Reiterate | Sell | $210 | $75 | |
| Aug 17, 2026 | Phillip Securities | Target | $75 | |||
| Aug 11, 2026 | Arete Research | Target | $401 | $450 | ||
| Aug 7, 2026 | Piper Sandler | Initiate | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$0.23 | −$0.09 | +60.1% | $6.83B | $7.81B | +14.5% | −13.61% |
| May 20, 2026Q1 FY26 | −$0.33 | −$1.27 | −284.8% | $4.69B | $4.69B | 0.0% | — |
Financial highlights
| 3 quarters | — | — | — | Q1 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $4.07B | $4.69B | $7.81B | |
| Gross profit | — | — | — | $2.11B | $2.31B | $4.32B | |
| Operating income | — | — | — | $27.0M | −$1.94B | −$143.0M | |
| Net income | — | — | — | −$528.0M | −$4.28B | −$541.0M | |
| Diluted EPS | — | — | — | −$0.18 | −$1.27 | −$0.09 | |
| Gross margin | — | — | — | 51.8% | 49.1% | 55.3% | |
| Operating margin | — | — | — | 0.7% | -41.4% | -1.8% |
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $100.01B · Total debt $39.36B · Total assets $192.77B · Shareholders' equity $127.22B
Dividends
No dividends on record.
Ownership
Shares outstanding 7.49B · Float 883.59M · 11.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Elon R. Musk | 6.42B | 48.40% | 13G | Aug 13, 2026 |
| Alphabet Inc. | 551.19M | 7.36% | 13F | Aug 7, 2026 |
| Google LLC | 551.19M | 7.20% | 13G | Aug 14, 2026 |
| Valor Management LLC | 503.41M | 6.72% | 13F | Aug 14, 2026 |
| Antonio J. Gracias | 503.41M | 6.50% | 13G | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 2, 2026 | Elon Musk | director, 10 percent owner, officer: CEO, CTO & Chairman | −11,390 | $105.32 |
Peers
- Alphabet Class A
Full-stack AI: frontier LLM, TPU silicon, cloud compute, and video platform.
- Microsoft
Azure AI cloud, OpenAI LLM partnership, GitHub Copilot, LinkedIn operator.
- Northrop Grumman
Defense prime in DoD satellites, ISS cargo, and solid rocket propulsion.
- Viasat
GEO/multi-orbit satellite broadband for aviation, maritime, and defense markets.
- Lockheed Martin
ULA co-owner and satellite prime competing in U.S. national-security space.
- Rocket Lab
Small/medium orbital launch and spacecraft manufacturing with NSSL on-ramp.
- Iridium Communications
Global LEO voice, IoT, and narrowband broadband via 66 cross-linked satellites.
- Meta
Social media scale and open-weight LLMs rivaling X and Grok on two fronts.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SpaceX | $140.95 | −0.39% | $1.85T | — | 98.7 | 111.6 | — |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| Lockheed Martin | $564.08 | +0.07% | $130.13B | 20.8 | 17.9 | 1.7 | +10.5% |
| Rocket Lab | $64.56 | +0.25% | $37.27B | — | — | 48.5 | +62.0% |
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| Median | 21.3 | 22.4 | 6.0 | +14.1% |