Stock Analysis
Space Exploration Technologies Corp. Class A Common StockSPCX
Sector: Technology · Industry: Services-Computer Programming, Data Processing, Etc.
AnalystsStrong Buy43 analystsCash covers 252% of debt · Q2 2026.
PMP Verdict
Cheap for a reason — weak fundamentals
Strengths
- Financial Health75
Risks
- Profitability0
- Quality22
Cheap for a reason — fundamentals remain weak.
Bull Case
- ✓Altman Z 19.7 — safe-zone balance sheet
- ✓Revenue CAGR 34.1% — durable top-line growth
What's happening with SPCX
Profile
Strong financial health; profitability, valuation, moat, earnings quality and growth lag behind.
How is each axis scored?
- Valuation20/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (-2.7%)0/25
- P/S (83.1x)0/25
- EV/EBIT (n/a)10/25
- Growth25/100 · Weak
- Revenue CAGR (34.1%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-4.0%)0/25
- ROE (-6.5%)0/25
- Net margin (-35.7%)0/25
- Operating margin (-14.9%)0/25
- Financial Health75/100 · Strong
- Altman Z (19.74)25/25
- Current ratio (5.12)25/25
- Interest coverage (-1.7x)0/25
- Net cash / debt (Net cash)25/25
- Quality22/100 · Weak
- Piotroski F (4/9)10/25
- Beneish M (-1.34)6/25
- FCF conversion (n/a)0/25
- Margin stability (σ 15.3%)6/25
- Moat20/100 · Weak
- ROIC >12% years (0/3 yrs)0/25
- Median gross margin (42.9%)20/25
- FCF-positive years (0/3 yrs)0/25
- Worst-year net margin (worst -44.6%)0/25
Risk Flags
- ⚠Beneish M -1.34 — earnings-manipulation flag
- ⚠Negative FCF margin (-2.0%) — burning cash
- ⚠SBC 15.2% of revenue — real dilution cost
- ⚠2 loss-making years in recent history
- ⚠Interest coverage -1.7× — thin debt cushion
About Space Exploration Technologies Corp. Class A Common Stock
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. Show more
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.
Headquarters: STARBASE, TX · Employees: 22,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
20EP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF—
Price / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · CapEx exceeds operating cash flow (491% of OCF) — reported FCF understates normalized earning power in this investment phase
FCF Yield-2.7%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own hist. history: -2.6%–-1.2% · lowest in history · CapEx exceeds operating cash flow (491% of OCF) — reported FCF understates normalized earning power in this investment phase
P/S (TTM)83.15xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own hist. history: 76.4x–142.4x · 13th pct
EV/EBITDA—
Enterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales—
Enterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E121.6xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio15.06xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.97B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
CapEx exceeds OCF: CapEx exceeds operating cash flow (491% of OCF) — reported FCF understates normalized earning power in this investment phase
Profitability
0EROIC-4.0%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-6.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA—
Return on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-35.7%D
Grade D: LowNet Income / Revenue
Operating Margin-14.9%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin51.9%A
Grade A: PremiumGross Profit / Revenue
FCF Margin-200.0%D
Grade D: LowFCF / Revenue · CapEx exceeds operating cash flow (491% of OCF) — reported FCF understates normalized earning power in this investment phase
True FCF Margin-236.0%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · CapEx exceeds operating cash flow (491% of OCF) — reported FCF understates normalized earning power in this investment phase
Growth
25ERevenue CAGR34.1%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue15.2%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
75B+Altman Z-Score19.74A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio5.12xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio4.99xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-1.7xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF · CapEx exceeds operating cash flow (491% of OCF) — reported FCF understates normalized earning power in this investment phase
Net Debt/EBIT17.6xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.31xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt2.52xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
22EPiotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-1.34D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income · CapEx exceeds operating cash flow (491% of OCF) — reported FCF understates normalized earning power in this investment phase
Margin Stability15.3%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue277.3%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.20xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Shotwell Gwynne Filed | Shotwell Gwynne | Option exercise | -128865 | |
Shotwell Gwynne Filed | Shotwell Gwynne | Option exercise | -74405 | |
Shotwell Gwynne Filed | Shotwell Gwynne | Option exercise | -138900 | |
Shotwell Gwynne Filed | Shotwell Gwynne | SellOpen market sale | -24417 | |
Shotwell Gwynne Filed | Shotwell Gwynne | SellOpen market sale | -151844 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Shotwell Gwynne Filed | Shotwell Gwynne | SellOpen market sale | -145809 | |
Shotwell Gwynne Filed | Shotwell Gwynne | SellOpen market sale | -7600 | |
Shotwell Gwynne Filed | Shotwell Gwynne | SellOpen market sale | -12500 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
20EROIC >12% Years0/3 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)42.9%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years0/3 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-44.6%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$7.59
Cash & short-term investments per share (Finnhub)
Book Value / Share$9.66
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$39.71B
Total debt obligations (short + long term)
Cash & Equiv.$100.01B
Cash and short-term investments
Net Debt$-60.30BA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$127.22B
Shareholders' equity (book value)
Asset / Liability2.94xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$1.92T
Current Market Capitalization
Beta4.86D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Space Exploration Technologies Corp. Class A Common Stock (SPCX)
SPCX is down 1.74% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Space Exploration Technologies Corp. Class A Common Stock. Altman Z-Score of 19.74 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -1.34 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Revenue has compounded at roughly 34% annually — a strong growth profile.
- Free-cash-flow margin is negative (-200%) — the business currently burns cash.
- Company is effectively debt-free after netting cash.
- Interest coverage of -1.7× leaves little room for earnings shocks.
- Space Exploration Technologies Corp. Class A Common Stock posted a net loss in 2 of 3 available completed fiscal years (2023–2025).
- At a valuation score of 20/100, SPCX trades at a premium to its historical multiples.
See how SPCX ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all SPCX moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 5 | After-hours | 172.29 | +8.39% | 2.55 |
| Oct 2 | Regular | 159.32 | +7.60% | 2.92 |
| Oct 2 | After-hours | 159.15 | +7.48% | 2.87 |
Frequently Asked Questions about SPCX
What is the current Space Exploration Technologies Corp. Class A Common Stock (SPCX) stock price?
SPCX is trading at $146.03 at the last market close, down 1.74% on the session. PreMarketPrice tracks SPCX pre-market, intraday and after-hours prices.
Is SPCX stock a buy right now?
PreMarketPrice's quantitative model rates Space Exploration Technologies Corp. Class A Common Stock's financial health at 75/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is SPCX stock overvalued?
Space Exploration Technologies Corp. Class A Common Stock trades at a trailing P/E of n/a and our valuation score rates it 20/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Space Exploration Technologies Corp. Class A Common Stock report earnings?
No confirmed earnings date is currently scheduled for SPCX. The Earnings section lists recent reports and updates as dates are announced.
What sector does Space Exploration Technologies Corp. Class A Common Stock operate in?
Space Exploration Technologies Corp. Class A Common Stock operates in the Technology sector, within the Services-Computer Programming, Data Processing, Etc. industry. The Related Stocks section lists sector peers for comparison.
What does Space Exploration Technologies Corp. Class A Common Stock do?
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.
About Space Exploration Technologies Corp. Class A Common Stock (SPCX) Stock
Space Exploration Technologies Corp. Class A Common Stock (SPCX) is a US-listed stock operating in the Technology sector, specifically the Services-Computer Programming, Data Processing, Etc. industry. As of the latest update, Space Exploration Technologies Corp. Class A Common Stock is trading at $146.03, down 1.74% on the day with a market capitalization of $1.92 trillion. The financial health score for SPCX is 75/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for SPCX stock.
SPCX Stock Analysis & Key Metrics
On PreMarketPrice, you can track Space Exploration Technologies Corp. Class A Common Stock (SPCX) across multiple dimensions:
- Pre-market price & movement: Real-time SPCX stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for SPCX with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Space Exploration Technologies Corp. Class A Common Stock across multiple reporting periods.
- Financial health score: A composite score of 75/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for SPCX.
- Sector peers: Compare SPCX against 6 other technology stocks on key financial metrics.
Is SPCX a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Space Exploration Technologies Corp. Class A Common Stock (SPCX) as an investment. The financial health score of 75/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Space Exploration Technologies Corp. Class A Common Stock (SPCX) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.