# Space Exploration Technologies Corp. (SPCX) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Aerospace & Defense. Price $147.95, market value $1.95 trillion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Space Exploration Technologies Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 104.4×**. Each dollar of revenue is priced at 104.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 15.3×**. The shares trade at 15.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -0.7%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 49.4%**. Space Exploration Technologies Corp. keeps 49.4% of revenue after the direct cost of what it sells.
- **Operating margin: -11.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -26.4%**. The company reported a net loss over the last twelve months.
- **Return on equity: -11.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -5.2%**. Return on all capital, debt included, is -5.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -5.4%**. Each dollar of assets produces -5.4% of profit.

## Growth
- **Revenue growth (1 yr): 33.2%**. Revenue grew 33.2% over the last year.

## Financial health
- **Debt to equity: 0.56**. Debt is 0.56 times equity, moderate leverage.
- **Net debt / EBITDA: net cash**. Space Exploration Technologies Corp. holds more cash than debt.
- **Interest coverage: -1.1×**. Operating profit covers interest only -1.1×: fragile.
- **Current ratio: 1.45** (quick 1.33). Current assets cover the next year's liabilities 1.45 times.
- **Altman Z-score: 23.94**. A Z-score of 23.94 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Space Exploration Technologies Corp. does not currently pay a dividend, but it returned -0.9% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (19 analysts). 19 analysts cover Space Exploration Technologies Corp.; the consensus is buy, with an average price target of $222.32 (+50% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -34.4%** (41.1% above the low). Trading 34% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 58**. An RSI of 58 is neutral.

Live score and charts: https://foliofundamentals.com/analyzer?s=SPCX · Page: https://foliofundamentals.com/stocks/spcx

Not investment advice.