Space Exploration Technologies Corp Class A SPCX

Morningstar Rating
$158.96 +10.89 (7.35%)
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Company Report

SpaceX Invests in Artificial Intelligence Infrastructure to Extend Its Competitive Cost Advantage

SpaceX is a vertically integrated conglomerate built around its global dominance in space-centric infrastructure. The company’s core strength is its ability to deliver payloads to orbit at unmatched scale, frequency, reliability, and cost efficiency. Other major business lines of the company, from Starlink to future orbital infrastructure initiatives, are ultimately derived from and enabled by its leadership in low-cost space transportation. The company’s technological lead over its competitors is evident in its having more than 80% global share in mass delivered to orbit and in having reduced launch cost per kilogram by more than 95%.

Price vs Fair Value

SPCX is trading at a LOCK|pJ&X#H premium.
Price
$148.07
Fair Value
BB
Uncertainty
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1-Star Price
LOCK|M.DZ
5-Star Price
%p
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

SpaceX has transformed the economics of space launch and dominates the market for lifting spacecraft into orbit, and it has a decade lead on most competitors in experience and payload launch volumes.

Bears

The company's aggressively lofty valuation implies investors will have to wait decades for earnings to grow into SpaceX's multiples.

News

Articles & Videos

Trading Information

Previous Close Price
$148.07
Day Range
$149.34–159.84
52-Week Range
$104.83–225.64
Bid/Ask
$158.86 / $158.90
Shares Outstanding
13.18B
Market Cap
$2.10T
Volume/Avg
119M / 92M

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
68.35
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

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. Starting in 2019, the company began launching a constellation of its own communication satellites to provide mobile broadband and wireless services under the Starlink brand. In early 2026, the company acquired xAI from its founder, Elon Musk, which operates a large language artificial intelligence model named Grok, a gigawatt-scale data center called Colossus, and the social media network X.
Sector
Industrials
Industry
Aerospace & Defense
Stock Style Box
Large Growth
Total Number of Employees
22,000

Competitors

Valuation

Metric
SPCX
NOC
AIR
Price/Earnings (Normalized)
—19.1425.30
Price/Book Value
15.333.835.68
Price/Sales
68.351.601.91
Price/Cash Flow
242.1011.0914.58
Price/Earnings
SPCX
NOC
AIR

Financial Strength

Metric
SPCX
NOC
AIR
Quick Ratio
4.940.940.37
Current Ratio
5.121.171.15
Interest Coverage
−2.558.989.68
Quick Ratio
SPCX
NOC
AIR

Profitability

Metric
SPCX
NOC
AIR
Return on Assets (Normalized)
−3.93%9.18%4.26%
Return on Equity (Normalized)
−9.26%27.70%22.95%
Return on Invested Capital (Normalized)
−3.80%15.50%16.08%
Return on Assets
SPCX
NOC
AIR

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