Space Exploration Technologies Corp.
Research Space Exploration Technologies Corp. (SPCX) on Bullrun: market cap USD 1.82T, dividend yield 2.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSPCX
- ExchangeNASDAQ
- CountryUnited States
- SectorIndustrials
- IndustryAerospace & Defense
- CurrencyUSD
- Market capUSD 1.82T
- Dividend yield2.6%
- Financial periodQ2 2026
- RevenueUSD 7.81B
- Net income-USD 541.00M
- Free cash flow-USD 16.82B
- Gross margin55.3%
Valuation Snapshot
latest market cap is USD 1.82T; dividend yield is 2.6%.
Peer valuation comparison
Latest dividend yield is 2.55% versus a Industrials sector median of 2.39% (6.7% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 18.67B | -USD 4.94B | -USD 14.12B | 49.4% | -4.25 | USD 24.75B | USD 23.32B | USD 41.33B |
| FY2024 | USD 14.02B | USD 791.00M | -USD 5.39B | 42.9% | 0.02 | USD 11.39B | USD 14.18B | USD 25.80B |
| FY2023 | USD 10.39B | -USD 4.63B | USD 105.00M | 41.2% | -3.64 | n/a | n/a | n/a |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 1.82T | n/a | 2.6% | 3.59 |
| 2025 | 2025-12-31 | n/a | n/a | 16.5% | 3.59 |
| 2024 | 2024-12-31 | n/a | n/a | 0.7% | 0.16 |
| 2023 | 2023-12-29 | n/a | n/a | 2.3% | 0.52 |
| 2022 | 2022-12-23 | n/a | n/a | 1.5% | 0.36 |
| 2021 | 2021-12-31 | n/a | n/a | 1.3% | 0.36 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.59 USD, yield 2.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.59 USD |
| FY2024 | 0.16 USD |
| FY2023 | 0.52 USD |
Company Brief
SpaceX issued a $25 billion bond sale to refinance debt related to its xAI and X platforms while simultaneously cutting interest costs. The company continues to operate across satellite broadband, reusable rocket launches, and AI infrastructure segments without specific operational updates in the recent news.
Revenue increased by 33.2% year-over-year for FY2025 despite a net income decline of 724.1%, resulting in continued losses with gross margins rising to 49.4%.
Analysts are monitoring potential risks from the company's heavy debt refinancing and its strategic shift toward AI, noting concerns about competition within Tesla and valuation relative to peak levels.
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Frequently asked questions
What is Space Exploration Technologies Corp.'s market cap?
Space Exploration Technologies Corp.'s market capitalization is USD 1.82T.
Does Space Exploration Technologies Corp. pay a dividend?
Space Exploration Technologies Corp. has a dividend yield of 2.6%.
What does Space Exploration Technologies Corp. do?
Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. It operates through three operating segments: Space, Connectivity, and AI. The Space segment designs, manufactures, and launches reusable rockets to provide access to space.