The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Space Exploration Technologies Corp. began trading publicly on June 12, 2026 (47 days ago). Some analytics need enough price history and financial reports, and will appear automatically as trading data accrues.
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Space Exploration Technologies Corp., known as SpaceX and trading under the ticker SPCX on the NASDAQ, is a global leader in the space technology, space services, rocket manufacturing, and satellite sectors. The company's business model relies on providing commercial and government space payload launch services, in addition to offering high-speed internet services via its Starlink satellite network, giving it diversified financial streams from defense, telecommunications, and scientific research sectors.
Looking at the recent quarterly financial results for the first quarter of 2026, the company achieved revenues of $4.7 billion, compared to $4.1 billion in the first quarter of 2025, representing revenue growth. However, the company recorded a sharp net loss of -$4.3 billion and earnings per share of -$1.27, compared to a loss of -$528.0 million in the same quarter of the previous year, despite achieving a strong gross profit of $2.3 billion in the first quarter of 2026, indicating a sharp increase in operating costs or capital investments during this period.
Automated analysis for informational purposes only — not investment advice.
The trading range of SPCX stock over the past 52 weeks is between $149.34 and $225.64, while the analyst consensus points to an average price target of $177.5, with a maximum target of $190 and a minimum of $165. The stock is currently trading in a range that reflects a massive total market valuation of $2795.9 billion, putting the stock in direct comparison with analyst targets, which the stock may exceed or fall short of based on market volatility following the massive IPO. Traditional metrics such as the P/E ratio remain unavailable or negative due to the net loss of -$4.3 billion in the latest quarter.
Figures in the text are as of 2026-06-16; the live price is shown at the top of the page.
SpaceX stock was priced at $135 for the initial public offering in June 2026, giving the company an initial total valuation of $1.8 trillion. The company initially raised $75 billion in the largest IPO in history, and this figure later rose to reach $85.7 billion after the over-allotment option was exercised on June 14, 2026. Trading of the stock officially began on the NASDAQ under the ticker SPCX, coinciding with the launch of the first leveraged ETF for the stock.
SpaceX achieved revenues of $4.7 billion in the first quarter of 2026, recording growth compared to first-quarter 2025 revenues of $4.1 billion. Despite achieving a strong gross profit of $2.3 billion during this quarter, the company recorded a sharp net loss of -$4.3 billion. Diluted earnings per share for the first quarter of 2026 were approximately -$1.27, compared to -$0.18 in the corresponding quarter of the previous year.
The company showed consistent growth in annual revenues, rising from $10.4 billion in 2023 to $14.0 billion in 2024, and then jumping to $18.7 billion in 2025. In terms of profitability, the company recorded a net loss of -$4.6 billion in 2023, followed by a single year of positive net profitability in 2024 of $791.0 million, before returning to losses in 2025 with a net loss of -$4.9 billion. This fluctuation reflects the scale of the massive capital investments the company pours into its space projects.
The analyst consensus points to an average target price for SPCX stock of $177.5. The range of analyst expectations varies between a minimum of $165 and a maximum of $190 per share. This valuation comes at a time when the stock is moving within a 52-week range of $149.34 to $225.64, reflecting differing opinions on the company's fair value after its massive market listing.
Yes, SpaceX generates strong and continuous gross profits that indicate the efficiency of its core operations before accounting for massive non-operating costs. In 2025, the company's gross profits reached $9.2 billion out of total revenues of $18.7 billion, and in the first quarter of 2026, it achieved a gross profit of $2.3 billion. The net losses of -$4.3 billion in the first quarter of 2026 are mainly due to the massive scale of spending on capital development, innovation, and building the Starlink satellite constellation.