# Space Exploration Technologies Class A Common Stock (SPCX.US)

Canonical: https://gigainvestors.com/s/SPCX

Analysis as of: 2026-10-16T07:32:03.123Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $148.62 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [David Tepper](https://gigainvestors.com/AM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Chase Coleman](https://gigainvestors.com/TGM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Dan Davidowitz](https://gigainvestors.com/pcm): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Daniel Loeb](https://gigainvestors.com/tp): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andreas Halvorsen](https://gigainvestors.com/vg): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 13% since Jun 2026 · "SpaceX slides as heavy AI investment overshadows strong quarterly results" (finance.yahoo.com, Aug 2026)

Story as of 2026-10-16T09:59:37.056Z; price observation 2026-10-15.

- 2026-07-17: SpaceX shares fall after Starship test flight is called off before launch (SPCX) ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/spacex-shares-fall-starship-test-101717127.html))

- 2026-08-13: SpaceX Shares Rebound 39% in a Week as Musk Highlights AI Revenue Potential ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/spacex-shares-rebound-39-week-100827559.html))

- 2026-09-11: SpaceX signs $1.1 billion-per month computing deal ([finance.yahoo.com](https://finance.yahoo.com/video/spacex-signs-1-1-billion-195052486.html))

- 2026-10-07: SpaceX Seeks $40 Billion To Buy Nvidia AI Chips, Starlink Wins New FCC Approval ([finance.yahoo.com](https://finance.yahoo.com/m/6d63a1e3-5389-3d1b-b7d9-229023c57c5e/spacex-seeks-%2440-billion-to.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in aerospace & defense; annual sales are USD 18.7 billion.

- Source: https://eodhd.com/api/fundamentals/SPCX.US.json#2025-12-31 (filed 2026-10-16T07:32:03.123Z); FY2025: revenue 18674000000; grossProfit 9223000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); SPCX.US: 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. It also provides launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and engages in the launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon. Its company's Connectivity segment operates broadband data and communications network by various Starlink satellites in low-earth orbit, delivering connectivity to various consumers, enterprise, and government customers. The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise customers; X, a real-time information, entertainment, and free speech platform; and AI computational infrastructure. Space Exploration Technologies Corp. was incorporated in 2002 and is based in Starbase, Texas.

### Why customers stay

Margins ranged from 41.2% to 49.4% during 2023–25.

- Source: https://eodhd.com/api/fundamentals/SPCX.US.json#2023-12-31 (filed 2026-10-16T07:32:03.123Z); FY2023: grossProfit / revenue = 41.2%.

- Source: https://eodhd.com/api/fundamentals/SPCX.US.json#2024-12-31 (filed 2026-10-16T07:32:03.123Z); FY2024: grossProfit / revenue = 42.9%.

- Source: https://eodhd.com/api/fundamentals/SPCX.US.json#2025-12-31 (filed 2026-10-16T07:32:03.123Z); FY2025: grossProfit / revenue = 49.4%.

### Where the cash goes

Paid no dividends in 1 year; bought back USD 1.1 billion of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:32:03.123Z); Dividend observations: [[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/api/fundamentals/SPCX.US.json#2025-12-31 (filed 2026-10-16T07:32:03.123Z); FY2025: cash repurchases 1125000000 USD.

### Are managers owners

Insiders own 12.7% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); SPCX.US SharesStats.PercentInsiders = 12.732 percentage points; cache date 2026-10-16.

### What the price says

The price is 76.8 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:32:03.123Z); Closing price 148.62 USD; reporting-to-trading FX 1; FY2025 annual sales per share 1.9353300860192766; price multiple 76.79310163864197. FY2025 cash earnings/share -1.0059306755659465. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2026-06: $170.86 per share

- 2026-07: $108.37 per share

- 2026-08: $143.69 per share

- 2026-09: $150.86 per share

- 2026-10: $156.54 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [David Tepper](https://gigainvestors.com/AM): 225,000 SPCX shares; USD 38,444,000 reported position value; 0.51% of portfolio; new; quarter 2026 Q2.
- [Chase Coleman](https://gigainvestors.com/TGM): 375,000 SPCX shares; USD 64,073,000 reported position value; 0.27% of portfolio; new; quarter 2026 Q2.
- [Dan Davidowitz](https://gigainvestors.com/pcm): 6,705 SPCX shares; USD 1,146,000 reported position value; 0.01% of portfolio; new; quarter 2026 Q2.
- [Daniel Loeb](https://gigainvestors.com/tp): 180,415 SPCX shares; USD 30,826,000 reported position value; 0.67% of portfolio; new; quarter 2026 Q2.
- [Andreas Halvorsen](https://gigainvestors.com/vg): 1,200,000 SPCX shares; USD 205,032,000 reported position value; 0.58% of portfolio; new; quarter 2026 Q2.

# SPCX — Space Exploration Technologies Corp.

Held by 5 investors · USD 339,521,000 total · 2026 Q2 · reported price USD 170.86 (split-adjusted).
Page: https://gigainvestors.com/s/SPCX

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Andreas Halvorsen (https://gigainvestors.com/vg) | USD 205,032,000 | 0.6% | new |
| Chase Coleman (https://gigainvestors.com/TGM) | USD 64,073,000 | 0.3% | new |
| David Tepper (https://gigainvestors.com/AM) | USD 38,444,000 | 0.5% | new |
| Daniel Loeb (https://gigainvestors.com/tp) | USD 30,826,000 | 0.7% | new |
| Dan Davidowitz (https://gigainvestors.com/pcm) | USD 1,146,000 | <0.1% | new |

## Total held by quarter

- 2026 Q2: USD 339,521,000 · 5 holders · USD 170.86