20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
SpaceX (SPCX) operates in the Industrials industry and is headquartered in Starbase, United States with about 22,000 employees. Its market capitalization is roughly $1.52 trillion. In the fiscal year ended 2025-12-31, SPCX reported $18.7B in revenue and ($4.9B) in net income.
Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally.
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| Income statement | TTM → 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Total Revenue | $8.8B | $18.7B | $14.0B | $10.4B |
| Gross Profit | $4.4B | $9.2B | $6.0B | $4.3B |
| Gross Margin % | 50.3% | 49.4% | 43.0% | 41.2% |
| Operating Income (EBIT) | ($1.9B) | ($2.6B) | $742M | $507M |
| Operating Margin % | -21.6% | -13.9% | 5.3% | 4.9% |
| Net Income | ($4.8B) | ($4.9B) | $791M | ($4.6B) |
| Net Margin % | -54.8% | -26.4% | 5.6% | -44.6% |
| EBITDA | $2.4B | $4.3B | — | — |
| Shares Outstanding (M) | 3,884M | 2,926M | 13,076M | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Total Revenue | $4.7B | $4.1B |
| Gross Profit | $2.3B | $2.1B |
| Gross Margin % | 49.1% | 51.8% |
| Operating Income (EBIT) | ($1.9B) | $55M |
| Operating Margin % | -41.4% | 1.4% |
| Net Income | ($4.3B) | ($528M) |
| Net Margin % | -91.1% | -13.0% |
| EBITDA | $2.4B | — |
| Shares Outstanding (M) | 3,884M | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash from Operations (CFO) | $1.8B | $6.8B | $5.8B | $4.5B |
| Capital Expenditures (CapEx) | $14.2B | $20.7B | $11.2B | $4.4B |
| Free Cash Flow (FCF) | ($12.5B) | ($14.0B) | ($5.4B) | $105M |
| FCF Margin % | -142.4% | -74.7% | -38.4% | 1.0% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Cash from Operations (CFO) | $1.0B | $727M |
| Capital Expenditures (CapEx) | $10.1B | $4.1B |
| Free Cash Flow (FCF) | ($9.1B) | ($3.4B) |
| FCF Margin % | -193.0% | -83.9% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-03-31 | 2025-12-31 | 2024-12-31 |
|---|---|---|---|
| Total Assets | $102.1B | $92.1B | $57.1B |
| Cash & Cash Equivalents | $15.9B | $24.7B | $11.4B |
| Total Liabilities | $60.5B | $50.8B | $31.3B |
| Total Debt (Short + Long-Term) | $30.3B | $22.9B | $13.4B |
| Total Shareholders' Equity | $41.6B | $41.3B | $25.8B |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive SPCX viewer.
The largest IPO in market history just put a rocket company, a satellite network, and an AI lab on the Nasdaq in a single ticker. Reusable rockets, Starlink cash flow, and the Mars option — against a valuation that already assumes most of it works.
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