Space Exploration Technologies Past Earnings Performance
Past criteria checks 0/6
Space Exploration Technologies's earnings have been declining at an average annual rate of -677.2%, while the Telecom industry saw earnings growing at 13.9% annually. Revenues have been growing at an average rate of 27.3% per year.
Key information
-677.22%
Earnings growth rate
-615.72%
EPS growth rate
| Telecom Industry Growth | 6.72% |
| Revenue growth rate | 27.28% |
| Return on equity | -20.89% |
| Net Margin | -48.47% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Market Brief: SpaceX's -35% One-Week Erased More Wealth Than Most Billionaires Ever Built
Summary SpaceX’s 35% one-week drop erased more than $600 billion in market value, exposing how crowded the post-IPO trade had become. The correction may not be over, as retail FOMO and institutional profit-taking could still drive a deeper pullback. At the same time, crypto is facing a historic liquidity crisis as capital continues to rotate into AI, semiconductors, and SpaceX. Read the full article on Seeking Alpha
SpaceX: A Sober Look at Catalysts, Risks, and Long‑Term Value After the IPO
SpaceX’s IPO has generated huge excitement, but when you strip away the headlines and ecosystem hype, the fundamentals still look like a capital‑intensive industrial business with uncertain long‑term margins. Using a disciplined valuation approach — including a 30% discount rate to reflect the lack of current profitability — the fair value estimate comes out to US$0.87 per share in 2026.SpaceX (SPCX) Stock Could Be 49.5% Overvalued After IPO And AI Push
SpaceX stock reaction to index additions and AI push Space Exploration Technologies (SPCX) has moved rapidly from its record US$75b IPO into key benchmarks, with fresh inclusion in the NASDAQ Telecom Index spotlighting its mix of satellite connectivity, launch services, and AI infrastructure. For you as an investor, that index entry matters because it can pull in rule based buying from funds that track the benchmark. At the same time, the company’s US$60b Cursor acquisition and large AI...
The trap for retailers that can evaporate more than 80% of the value.
EQUITY RESEARCH NOTE: SPACEX (SPCX) – VALUE REALIGNMENT Rating: Underweight / Avoid Current Price: $160.95 | Target Price Range: $21.41 – $28.55 Core Metric: Multiple Contraction & Scarcity Premium Dissipation. Investment Thesis: Space Exploration Technologies Corp.
AI Infrastructure in Space? The market said yes like it’s already a reality
SpaceX didn’t just deliver the largest IPO in history by dollars raised. It also entered the public market at one of the richest valuations ever seen for a company of its size.Hitting Escape Velocity with a Single Point of Failure
SpaceX owns one of the most entrenched constraints in the economy: cheap mass-to-orbit. It converts that into a deeper one, orbital bandwidth, through Starlink.Making sense of 1.75 trillion IPO
SpaceX is expected to go public under the ticker SPCX. There has been a huge amount of attention leading up to the listing, which isn’t surprising.SpaceX? Only Fast in - Fast out!
This text was written one week before SpaceX’s IPO , which is scheduled to take place on June 12, 2026, at $135 per share. Facts About Profitability Although SpaceX’s revenue is growing steadily, the company as a whole is generating a net loss.Revenue & Expenses Breakdown
How Space Exploration Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 19,301 | -9,356 | 2,897 | 10,600 |
| 31 Dec 25 | 18,674 | -4,937 | 2,644 | 8,643 |
| 31 Dec 24 | 14,015 | 18 | 1,813 | 3,464 |
| 31 Dec 23 | 10,387 | -4,628 | 1,665 | 2,105 |
Quality Earnings: SPCX is currently unprofitable.
Growing Profit Margin: SPCX is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if SPCX's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare SPCX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SPCX is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-9.7%).
Return on Equity
High ROE: SPCX has a negative Return on Equity (-20.89%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/01 22:11 |
| End of Day Share Price | 2026/07/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Space Exploration Technologies Corp. is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Charles Beale | Arete Research Services LLP |
| Michael Leshock | KeyBanc Capital Markets Inc. |
| Tao Chang | KGI Securities Co. Ltd. |