Second-quarter revenue grew to $7.8 billion, up 92% compared with 2025, led by an eye-watering but not surprising sevenfold increase in AI solutions revenue from neocloud rentals. Launch and Starlink grew 29% and 67%. Investments of $3.5 billion in R&D resulted in a $143 million operating loss.
SpaceX has transformed the economics of space launch and dominates the market for lifting spacecraft into orbit, and it has a decade lead on most competitors in experience and payload launch volumes.
The company's aggressively lofty valuation implies investors will have to wait decades for earnings to grow into SpaceX's multiples.
|
Metric
|
SPCX
|
AIR
|
NOC
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 29.37 | 23.27 |
Price/Book Value | 14.50 | 6.59 | 4.65 |
Price/Sales | 64.63 | 2.21 | 1.95 |
Price/Cash Flow | 228.90 | 16.92 | 13.48 |
|
Metric
|
SPCX
|
AIR
|
NOC
|
|---|---|---|---|
Quick Ratio | 4.94 | 0.37 | 0.94 |
Current Ratio | 5.12 | 1.15 | 1.17 |
Interest Coverage | −2.55 | 9.68 | 8.98 |
|
Metric
|
SPCX
|
AIR
|
NOC
|
|---|---|---|---|
Return on Assets (Normalized) | −3.93% | 4.26% | 9.18% |
Return on Equity (Normalized) | −9.26% | 22.95% | 27.70% |
Return on Invested Capital (Normalized) | −3.80% | 16.08% | 15.50% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| GE Aerospace
GE
| LOCK|@!$pbV<d | LOCK|snQ | $382B | |||
| RTX Corp
RTX
| LOCK|FSwcsW> | LOCK|FD | $301B | |||
| Airbus SE ADR
EADSY
| LOCK|lYdx<B?z | LOCK|#&& | $197B | |||
| Boeing Co
BA
| LOCK|%qf%%m | LOCK|Y# | $183B | |||
| Rolls-Royce Holdings PLC ADR
RYCEY
| LOCK|%qB?&z? | LOCK|#@@N | $172B | |||
| Lockheed Martin Corp
LMT
| LOCK|NtJKlTTS | LOCK|v@$ | $140B | |||
| General Dynamics Corp
GD
| LOCK|fcC!Lc## | LOCK|^hY | $107B | |||
| BAE Systems PLC ADR
BAESY
| LOCK|n^Zxtn | LOCK|Ptj | $89B | |||
| Northrop Grumman Corp
NOC
| LOCK|<!<rD$# | LOCK|^!X | $83B |
United States