SPCXSpace Exploration Technologies Corp.
Space Exploration Technologies Corp. (SPCX) sells rocket systems, satellite launch services, and space infrastructure solutions, with a focus on commercial and government contracts. Its next catalyst is Oct 15, 2026 — Starship Commercial Payload & Artemis Update, which will test the company’s progress in securing commercial satellite launches and its role in NASA’s Artemis lunar program.
- SPCX’s diluted EPS is -$0.09, with shareholders’ equity at $127.22B and a debt-to-equity ratio of 0.31x.
- The company operates in a capital-intensive sector with high upfront costs and long cash flow cycles.
- Its business model relies on large-scale government and commercial contracts, with margins sensitive to launch delays and regulatory hurdles.
The schedule
- Thu15Oct
Update on Starship’s commercial manifest and NASA Artemis integration, evaluating how quickly these programs can support valuation from a $120.00 base.
- Tue3Nov
Q2 2026 results and commentary on launch cadence, Starlink capital intensity, and cash burn versus the current $108.37 share price.
- Thu3Dec
Q3 2026 earnings update on launch volumes, Starlink subscriber growth, and progress toward breakeven relative to a $145 share price.
- Wed20Jan
U.S. Department of Defense NSSL award allocations under President Trump, determining SpaceX’s share of high-margin national security launches from a $120.00 base level.
- Wed3Mar
Q4 2026 results and initial FY27 guidance, clarifying the trajectory toward sustainable profitability versus a $145 starting price.
- Sat15May
Evolving expectations around a potential Starlink IPO or partial spinoff, and how any transaction or delay could re-rate equity value from $165.
- Wed2Jun
