SpaceX (SPCX)
Runs Starlink connectivity, reusable launch services, and an AI platform spanning Grok and X.
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Sells Starlink and Starshield connectivity, Falcon launches and Dragon missions, plus Grok, X, and AI compute services. Connectivity provides most revenue, while reusable launch hardware, government contracts, and owned compute infrastructure shape the operating model.
Operates across satellite connectivity, space transportation, and artificial intelligence. Starlink sells low-Earth-orbit broadband to consumers, enterprises, aircraft, ships, and governments, while Starshield serves U.S. national-security customers. Falcon 9 and Falcon Heavy launch commercial and government payloads; Dragon carries crew and cargo, and Starship remains in development.
Designs, manufactures, launches, and operates much of its rocket, spacecraft, satellite, and network stack. Reusable Falcon boosters support launch cadence, while a large in-house satellite constellation extends connectivity across international markets.
Grok models, X advertising and subscriptions, data licensing, and third-party compute access form the AI business around the COLOSSUS infrastructure. Connectivity supplies most revenue, while the Space business relies on government missions and the AI business requires substantial computing capacity.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | MoffettNathanson | Reiterate | Rating: —Target: $131 | Target: $142 |
| Sep 8, 2026 | Wells Fargo | Reiterate | Rating: —Target: $215 | Target: $212 |
| Sep 8, 2026 | Pivotal Research | Initiate | Rating: —Target: — | Target: $220 |
| Sep 2, 2026 | Oppenheimer | Reiterate | Rating: —Target: $250 | Target: $280 |
| Aug 26, 2026 | Wolfe Research | Reiterate | Rating: —Target: — | Target: $175 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $100.01B · Total debt $39.36B · Total assets $192.77B · Shareholders' equity $127.22B
- Revenue
- $7.81B
- Operating income
- −$143.0M
- Net income
- −$541.0M
No dividends on record.
| Institutions | 27.83% | 3.67B shares | |
|---|---|---|---|
| 1,933 holders · as of Jun 30, 2026 | |||
| Insiders | 52.40% | 6.91B shares | |
| 6 holders · as of Sep 15, 2026 | |||
| Strategic holders | 4.18% | 551.19M shares | |
| 1 holder · as of Aug 14, 2026 | |||
| Other | 15.59% | 2.05B shares | |
| remainder | |||
13.18B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (13.18B in the company's Sep 22, 2026 report, 7.70B elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Elon Musk1Insiderdirector, 10 percent owner, officer: CEO, CTO & Chairman | 48.69% | 6.42B COMPANY | filed Aug 13, 2026 |
Alphabet Inc.Institution | 4.18% | 551.19M A | as of Jun 30, 2026 |
Google LLCStrategic | 4.18% | 551.19M | filed Aug 14, 2026 |
Valor Management LLCInstitution | 3.82% | 503.41M A | as of Jun 30, 2026 |
Antonio J. GraciasInsiderdirector | 3.49% | 460.62M A | filed Sep 15, 2026 |
- Elon Musk's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.42B) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 2, 2026 | Elon Musk | director, 10 percent owner, officer: CEO, CTO & Chairman | −11,390 | $105.32 |
- Alphabet Class A
Full-stack AI: frontier LLM, TPU silicon, cloud compute, and video platform.
- Microsoft
Azure AI cloud, OpenAI LLM partnership, GitHub Copilot, LinkedIn operator.
- Northrop Grumman
Defense prime in DoD satellites, ISS cargo, and solid rocket propulsion.
- Viasat
GEO/multi-orbit satellite broadband for aviation, maritime, and defense markets.
- Lockheed Martin
ULA co-owner and satellite prime competing in U.S. national-security space.
- Rocket Lab
Small/medium orbital launch and spacecraft manufacturing with NSSL on-ramp.
- Iridium Communications
Global LEO voice, IoT, and narrowband broadband via 66 cross-linked satellites.
- Meta
Social media scale and open-weight LLMs rivaling X and Grok on two fronts.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SpaceX | $152.04 | +0.11% | $2.00T | — | 103.4 | — | — |
| Alphabet Class A | $356.44 | +0.35% | $4.30T | 17.8 | 26.4 | 9.6 | +24.2% |
| Microsoft | $507.18 | +1.11% | $3.72T | 27.9 | 25.6 | 11.2 | +17.8% |
| Northrop Grumman | $529.81 | +0.65% | $74.82B | 16.7 | 18.0 | 1.7 | +5.1% |
| Viasat | $77.00 | +0.77% | $10.52B | — | — | 2.3 | −1.2% |
| Lockheed Martin | $537.50 | +0.43% | $123.57B | 19.7 | 17.0 | 1.6 | +10.5% |
| Rocket Lab | $71.58 | +2.32% | $40.46B | — | — | 52.6 | +62.0% |
| Iridium Communications | $47.92 | −0.60% | $5.11B | 54.8 | 40.8 | 5.8 | +3.8% |
| Meta | $735.88 | −0.80% | $1.89T | 27.9 | 24.4 | 8.3 | +28.0% |
| Median | 23.8 | 25.0 | 7.0 | +14.1% |