Space Exploration Technologies Corp. (SPCX) Stock Price & Analysis
Space Exploration Technologies Corp. (SPCX) closed at USD 144.75 on Thursday, October 22, 2026, down 9.14% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 159.31; the Oct 22, 2026 session ranged USD 143.21–154.22 on volume of 195,759,405 shares. Market capitalization is $1.91T, with a 52-week range of USD 104.83–225.64 (NMS). Source: Nexqual, retrieved October 23, 2026 at 07:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SPCX.md
Latest Earnings Results (SPCX)
Space Exploration Technologies Corp. (SPCX) reported Q3 2026 results on Oct 20, 2026, 4:00:51 PM ET: GAAP EPS $0.35 vs. estimate $0.16 (beat), revenue $14.57B vs. estimate $13.00B (beat). Source: SEC 8-K filing. Read the SEC filing.
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (SPCX)
- Valuation: P/E 1059.4x, EV/EBITDA 178.5x, net cash $52.0B.
- Earnings quality: non-operating income $1.49B vs operating income $1.41B over the last four quarters; P/E excluding non-operating income ≈3521.6x (estimate: non-operating income taxed at the company's 15.6% effective rate).
- 5 of 80 tracked superinvestors hold SPCX (13F, Q2 2026): 5 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $53.7M; 1 not under a Rule 10b5-1 plan ($1.2M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.08 on a 1–5 scale) (38 analysts), mean target USD 257.71 (range 70–800).
- Total return with dividends: 1Y -10.1% vs S&P 500 +14.9%; 5Y -10.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-20, EPS estimate USD 0.41, revenue estimate $22.8B.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (SPCX)
P/E 1059.4x · P/E ex non-operating (est.) ≈3521.6x · P/S 59.6x · EV/EBITDA 178.5x · EV/Sales 57.9x · P/B 10.8x · Earnings yield 0.09% · Net cash $52.0B · EV $1.86T
Superinvestors (SEC 13F-HR, Q2 2026) (SPCX)
5 of 80 tracked investors hold SPCX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Daniel Loeb | Third Point | 0.66% | $30.8M | New position |
| Viking Global | Viking Global Investors | 0.58% | $205M | New position |
| David Tepper | Appaloosa Management | 0.51% | $38.4M | New position |
| Chase Coleman | Tiger Global Management | 0.27% | $64.1M | New position |
| Polen Capital | Polen Capital Management | 0.01% | $1.1M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (SPCX)
1 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-22 | Shotwell Gwynne | President and COO | 342,170 | $52.5M | 5.8% | Yes (adopted June 23, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-02 | Musk Elon | CEO, CTO & Chairman | 11,390 | $1.2M | 0% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SPCX)
Consensus Buy (mean 2.08 on a 1–5 scale), 38 analysts; mean target USD 257.71 (low 70, high 800).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | B of A Securities | Target raised | Buy | $235 → $275 |
| 2026-10-22 | Pivotal Research | Target raised | Buy | $230 → $260 |
| 2026-10-21 | Macquarie | Maintained | Outperform | $250 |
| 2026-10-21 | UBS | Target raised | Buy | $210 → $230 |
| 2026-10-21 | Citigroup | Target raised | Buy | $200 → $240 |
| 2026-10-21 | Barclays | Target raised | Overweight | $254 → $300 |
| 2026-10-21 | JP Morgan | Target raised | Overweight | $240 → $500 |
| 2026-10-21 | Evercore ISI Group | Target raised | Outperform | $275 → $300 |
| 2026-10-21 | Wells Fargo | Target raised | Overweight | $214 → $274 |
| 2026-10-21 | Keybanc | Reiterated | Sector Weight | |
| 2026-10-21 | Susquehanna | Target raised | Neutral | $173 → $176 |
| 2026-10-21 | TD Cowen | Target raised | Buy | $200 → $224 |
Total return (dividends reinvested) (SPCX)
| 1Y (from 2026-06-12) | 5Y (from 2026-06-08) | |
|---|---|---|
| Total return | -10.1% | -10.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | — | — |
| Volatility (annualized) | 83.4% | 68.2% |
| Max drawdown | -48.8% (Jun 2026→Aug 2026) | -41.4% (Jun 2026→Jul 2026) |
SPCX revenue by business segment (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| SI | $7.56B | 51.9% | +829.9% |
| Connectivity | $5.25B | 36.0% | +69.5% |
| Space | $1.77B | 12.1% | +6.1% |
| Total revenue | $14.57B | 100% | — |
SPCX revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Services | $13.80B | 94.7% | +168.2% |
| SI Solutions & Infrastructure | $7.02B | 48.2% | +1856.0% |
| — Consumer (part of SI Solutions & Infrastructure) | $3.12B | 21.4% | +57.2% |
| — Enterprise & Government (part of SI Solutions & Infrastructure) | $2.13B | 14.6% | +91.4% |
| — Launch Services (part of SI Solutions & Infrastructure) | $1.13B | 7.8% | +13.0% |
| — Launch & Development (part of SI Solutions & Infrastructure) | $637.0M | 4.4% | -4.4% |
| Products | $771.0M | 5.3% | +79.3% |
| Advertising | $538.0M | 3.7% | +18.5% |
| Total revenue | $14.57B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SPCX customer concentration
In the period ended Sep 30, 2026, 2 direct customers each accounted for at least 10% (34.5%, 16.6%) of revenue, per the company's 10-Q filed Oct 22, 2026. The company does not name them.
SPCX company outlook (results filed Oct 20, 2026)
- “The trans action is expected to close in the first half of 2027, subject to regulatory and other customary closing conditions.”
- “Contacts Investors investors@spacex.com Conference Call and Livestream Information SpaceX will discuss its financial and operational results, as well as its business outlook, in a live webcast beginning at 3:30 p.m.”
Quoted word-for-word from the SEC 8-K results press release.
SPCX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.41 | $0.24 | +76.1% | $22.76B | 20 |
| Next quarter (ends Mar 2027) | $0.85 | $0.21 | +301.3% | $33.79B | 12 |
| Current fiscal year (ends Dec 2026) | $0.27 | $-0.48 | -156.5% | $48.71B | 26 |
| Next fiscal year (ends Dec 2027) | $3.90 | $0.65 | +497.2% | $180.58B | 26 |
SPCX options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 23, 2026 | 1 | 78.9% | ±3.4% |
| Oct 26, 2026 | 4 | 55.4% | ±4.7% |
| Oct 28, 2026 | 6 | 59.1% | ±6.0% |
| Oct 30, 2026 | 8 | 58.7% | ±7.0% |
| Nov 2, 2026 | 11 | 53.9% | ±7.5% |
| Nov 4, 2026 | 13 | 53.8% | ±8.1% |
| Nov 6, 2026 | 15 | 56.7% | ±9.1% |
| Nov 13, 2026 | 22 | 56.0% | ±10.9% |
30-day implied volatility 54.3% vs 59.4% realized over the last 30 trading days. Put/call ratio (volume) 0.89. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:55 UTC)
| Price | USD 144.75 |
|---|---|
| Change | ▼ 9.14% (down) |
| Previous Close | USD 159.31 |
| Open | USD 154.19 |
| Day Range | USD 143.21 – 154.22 |
| 52-Week Range | USD 104.83 – 225.64 |
| Volume | 195,759,405 shares |
| Market Cap | $1.91T |
| Exchange | NMS |
Technical Analysis (SPCX)
Nexqual's technical model rates SPCX "SELL" based on 2 bullish and 4 bearish signals across 92 daily candles, as of October 23, 2026 at 07:55 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 43.67 (neutral) |
| vs SMA50 | Below (USD 149.12) |
| MACD | 0.06 (positive) |
Analyst Ratings (SPCX)
Wall Street analysts rate SPCX "Buy" based on 38 analysts, with a mean price target of USD 257.71 (range USD 70–800), per Nexqual as of October 23, 2026 at 07:55 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 38 |
| Mean Target | USD 257.71 |
| High Target | USD 800 |
| Low Target | USD 70 |
| Buy / Hold / Sell | 30 / 5 / 3 |
Earnings (SPCX)
| Next Earnings Date | 2026-10-20 |
|---|---|
| EPS Estimate | USD 0.34 |
| Revenue Estimate | $22.76B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.35 vs est 0.16 ▲ beat |
| 2026-06-30 | USD -0.09 vs est -0.29 ▲ beat |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
Financials & Fundamentals (SPCX)
| Total Revenue | $23.04B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +91.90% |
| Gross Margin | +51.88% |
| Operating Margin | -1.80% |
| Profit Margin | -35.66% |
| Debt / Equity | 0.31 |
| Current Ratio | 5.12 |
| Total Cash | $100.01B |
| Total Debt | $39.71B |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
Financial Health Score (SPCX)
Nexqual rates Space Exploration Technologies Corp.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 07:55 UTC.
| Growth | Strong — Revenue +92% YoY (latest Q) |
|---|---|
| Profitability | Weak — Not yet profitable — scaling phase |
| Balance Sheet | Strong — $89.9B cash and investments vs $37.9B debt (Sep 2026, SEC), net cash |
| Cash Flow | Solid — Operating cash flow $9.90B (TTM) |
| Efficiency | Mixed — No data |
Ownership (SPCX)
| Insider Ownership | +12.73% |
|---|---|
| Institutional Ownership | +48.56% |
| Shares Outstanding | 7.70B |
| Float | 4.97B |
| Short % of Float | +2.71% |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
Leadership (SPCX)
Space Exploration Technologies Corp. is led by Elon R. Musk, Founder, Chairman, CTO & CEO, per Nexqual as of October 23, 2026 at 07:55 UTC.
| Founder, Chairman, CTO & CEO | Elon R. Musk |
|---|---|
| President, COO & Director | Gwynne E. Shotwell |
| CFO & Secretary | Bret W. Johnsen |
| Senior Director of Legal | Michael Sagan |
Major Backers & Investors (SPCX)
Notable institutional backers of Space Exploration Technologies Corp. include Alphabet Inc., Valor Management LLC, FMR, LLC, according to Nexqual as of October 23, 2026 at 07:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Alphabet Inc. | 7.16% |
| Valor Management LLC | 6.54% |
| FMR, LLC | 3.93% |
| Vy Capital Management Co. Ltd. | 3.53% |
| Gigafund Management Company, LLC | 2.23% |
| Public Investment Fund | 2% |
| BAMCO Inc. | 1.89% |
| D1 Capital Partners, LP | 1.64% |
Source: Nexqual, October 23, 2026 at 07:55 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GE | GE Aerospace | USD 293.54 | ▼ 0.79% |
| RTX | RTX Corporation | USD 194.71 | ▲ 1.62% |
| BA | Boeing Company (The) | USD 187.55 | ▼ 2.46% |
| LMT | Lockheed Martin Corporation | USD 589.91 | ▲ 6.96% |
| GD | General Dynamics Corporation | USD 350.79 | ▲ 1.76% |
| HWM | Howmet Aerospace Inc. | USD 193.29 | ▼ 7.14% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:55 UTC. This page is informational and not investment advice.
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