SpaceX's third-quarter revenue grew 161% since 2025 to $14.6 billion, led by sequential quintupling of AI revenue driven by neocloud rentals. Starlink rose 69.5% and contributed $2.4 billion in operating profit, followed by $431 million operating income from AI and the launch business breaking even.
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
|
NOC
|
AIR
|
|---|---|---|---|
Price/Earnings (Normalized) | 247.14 | 19.71 | 26.24 |
Price/Book Value | 11.33 | 4.19 | 5.89 |
Price/Sales | 59.51 | 1.80 | 1.98 |
Price/Cash Flow | 138.64 | 13.11 | 15.12 |
|
Metric
|
SPCX
|
NOC
|
AIR
|
|---|---|---|---|
Quick Ratio | 2.93 | 1.00 | 0.37 |
Current Ratio | 3.08 | 1.23 | 1.15 |
Interest Coverage | −0.84 | 8.98 | 9.68 |
|
Metric
|
SPCX
|
NOC
|
AIR
|
|---|---|---|---|
Return on Assets (Normalized) | 1.22% | 9.12% | 4.26% |
Return on Equity (Normalized) | 2.29% | 26.82% | 22.95% |
Return on Invested Capital (Normalized) | 2.18% | 15.33% | 16.08% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| GE Aerospace
GE
| LOCK|nrD<hK^ | LOCK|m@ | $296B | |||
| RTX Corp
RTX
| LOCK|<cfM^$Sc | LOCK|p! | $258B | |||
| Airbus SE ADR
EADSY
| LOCK|tM^bp>Hq | LOCK|z% | $171B | |||
| Boeing Co
BA
| LOCK|p$gY#Q< | LOCK|#nt | $149B | |||
| Lockheed Martin Corp
LMT
| LOCK|gRt%@c?C | LOCK|XX@ | $140B | |||
| Rolls-Royce Holdings PLC ADR
RYCEY
| LOCK|GQxyTn | LOCK|$vC< | $128B | |||
| General Dynamics Corp
GD
| LOCK|p<S@D?^T | LOCK|^b^ | $95B | |||
| Northrop Grumman Corp
NOC
| LOCK|>W?f&@J | LOCK|C^ | $78B | |||
| BAE Systems PLC ADR
BAESY
| LOCK|TFcQFw | LOCK|>V | $76B |
United States