SpaceX
What matters nowUpdated 7 h ago
- On October 8, 2026, SpaceX said it will buy 14 MHz of nationwide 800 MHz low-band spectrum from Grain Management to strengthen indoor coverage for Starlink Mobile; the price was not disclosed and the deal is subject to FCC approval 1.
- On October 6, Reuters, citing the Financial Times, reported that SpaceX is seeking about $40 billion of financing to buy Nvidia AI chips, roughly $10 billion of bank loans and $30 billion of investment-grade debt with Apollo expected to lead, though the terms were not final 2. The same day the FCC approved 15,000 non-geostationary satellites for SpaceX's direct-to-device service, with the EchoStar license transfer expected around late 2027 3.
- SPCX traded at 158.06 on the pooled 24/7 venue price, down 2.89% from the previous close of 162.76, after recorded moves of +8.12% on October 5 and +6.81% on October 2.
- Starlink reached 12 million subscribers at the end of Q2 2026, double a year earlier, with Connectivity revenue up 66%, while the AI segment's Q2 revenue rose 247% on new cloud service agreements but runs heavy operating losses. Open interest across SPCX venues is about $710.9 million and 24-hour volume about $1.34 billion.
- Starship completed its 14th test flight on September 28, 2026, the first to reach orbit, deploying 26 next-generation Starlink satellites; one engine failed during ascent and the mission was cut to about three hours of a planned roughly ten 4. Polymarket puts a 0.6% chance on 9-10 Starship launches successfully reaching space in 2026.
- A single insider sale of 342,170 shares worth about $52.5 million was recorded in the last 180 days, with no insider buys. SpaceX's Q3 2026 earnings are estimated for November 3, 2026 at 21:30 UTC, with a lock-up release estimated for the same day; neither date is confirmed.
Via Satellite · Oct 8
Reuters (via The Star) · Oct 6
Via Satellite · Oct 6
Euronews · Sep 28
SpaceX builds and operates rockets, spacecraft and the Starlink satellite internet network, and after its acquisition of xAI it also runs an AI segment. Its three reported segments are Connectivity (Starlink), Space (Falcon and Dragon launches, NASA crew services and Starship development) and AI (xAI, the X platform and cloud services). Starlink is the profit engine, while Starship spending is the largest drag on earnings. The company listed on Nasdaq under SPCX in June 2026, and Q2 2026 was its first earnings report as a public company.
How it makes money
Starlink sells monthly subscriptions for satellite internet, with 12 million subscribers at the end of Q2 2026 and average revenue of $66 per user per month. The Space segment earns money from launch contracts, NASA crew missions and government work, and it spends heavily on Starship research. The AI segment earns cloud service revenue, and in Q2 2026 it grew fastest of the three segments on new cloud agreements.
Last 12 monthsChart & venues →
Biggest businessesAll products & projects →
Starlink
12 million subscribers at the end of Q2 2026, double a year earlier, with Connectivity revenue up 66%.
Falcon and Dragon launch services
Main launch business for government and commercial customers, including NASA crew missions. Reported under the Space segment.
AI segment (xAI, X and cloud)
Fastest-growing segment, with Q2 2026 revenue up 247% on new cloud service agreements, but it runs heavy operating losses.
Latest newsAll news →
SpaceX agrees to buy 14 MHz of nationwide 800 MHz spectrum from Grain Management
On October 8, 2026, SpaceX said it will acquire nationwide low-band spectrum from Grain Management, covering 14 megahertz of paired spectrum in the 800 MHz band.
SpaceX seeks about $40 billion of debt, led by Apollo, to fund Nvidia chip purchases
Reuters, citing the Financial Times, reported that SpaceX is seeking about $40 billion of financing to buy Nvidia AI chips.
FCC approves SpaceX's 15,000-satellite direct-to-device constellation
The FCC approved 15,000 non-geostationary satellites for SpaceX's direct-to-device service on October 6, 2026, using mobile satellite spectrum bought from EchoStar.
Starship reaches orbit for the first time and deploys 26 Starlink satellites
SpaceX's Starship completed its 14th test flight from Starbase, Texas, on September 28, 2026, its first flight to reach orbit.
X Corp and SpaceXAI drop antitrust claims against Apple, keep case against OpenAI
On September 14, 2026, X Corp and SpaceXAI, a division of SpaceX, moved to dismiss their antitrust claims against Apple.
SpaceX completes Cursor acquisition and issues about 391 million Class A shares
SpaceX completed its merger with Anysphere, the Cursor maker, on August 14, 2026, making Cursor a wholly owned subsidiary.
Products & businesses
Starlink
12 million subscribers at the end of Q2 2026, double a year earlier, with Connectivity revenue up 66%.
Falcon and Dragon launch services
Main launch business for government and commercial customers, including NASA crew missions. Reported under the Space segment.
AI segment (xAI, X and cloud)
Fastest-growing segment, with Q2 2026 revenue up 247% on new cloud service agreements, but it runs heavy operating losses.
What it's building next
Starship
Fully reusable super-heavy launch system still in flight testing. Test flights have slipped repeatedly in 2026.
Starlink V3 satellites
Next Starlink satellite generation, with the first V3 satellites planned for a Starship test flight.
Direct-to-cell and spectrum
Plans to connect standard phones directly to Starlink satellites. The timing for commercial service is not yet set.
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Connectivity (Starlink) Starlink satellite internet for consumers, businesses and government users. The only segment that made an operating profit in 2025. | $11.40B | 61.0% | |
| Space Falcon and Dragon launch services, NASA crew missions and Starship development. Starship research spending was about $3 billion in 2025, which kept the segment loss-making. | $4.00B | 21.0% | |
| AI xAI models, the X social platform and cloud services, added through the acquisition of xAI. Operating losses were large in 2025 and early 2026. | $3.20B | 17.0% |
Fiscal FY2025 · from the annual report
Financial statements
| Metric | TTM | Q2 FY2026 2026-06-30 |
|---|---|---|
| Cash & equivalents | $93.52B | $93.52B |
| Total debt | $38.28B | $38.28B |
| Metric |
|---|
| Cash & equivalents |
| Long-term debt (incl. current portion) |
| Total debt |
| Total assets |
| Total liabilities |
| Shareholders' equity |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
SpaceX agrees to buy 14 MHz of nationwide 800 MHz spectrum from Grain Management
On October 8, 2026, SpaceX said it will acquire nationwide low-band spectrum from Grain Management, covering 14 megahertz of paired spectrum in the 800 MHz band.
SpaceX seeks about $40 billion of debt, led by Apollo, to fund Nvidia chip purchases
Reuters, citing the Financial Times, reported that SpaceX is seeking about $40 billion of financing to buy Nvidia AI chips.
FCC approves SpaceX's 15,000-satellite direct-to-device constellation
The FCC approved 15,000 non-geostationary satellites for SpaceX's direct-to-device service on October 6, 2026, using mobile satellite spectrum bought from EchoStar.
Starship reaches orbit for the first time and deploys 26 Starlink satellites
SpaceX's Starship completed its 14th test flight from Starbase, Texas, on September 28, 2026, its first flight to reach orbit.
X Corp and SpaceXAI drop antitrust claims against Apple, keep case against OpenAI
On September 14, 2026, X Corp and SpaceXAI, a division of SpaceX, moved to dismiss their antitrust claims against Apple.
SpaceX completes Cursor acquisition and issues about 391 million Class A shares
SpaceX completed its merger with Anysphere, the Cursor maker, on August 14, 2026, making Cursor a wholly owned subsidiary.
SpaceX shares jump 15.8% to $133.11 on heavy volume after lock-up and Terafab news
SpaceX shares closed up 15.83% at $133.11 on August 7, 2026, on volume of 236.7 million shares, about 91% above the three-month average.
First SpaceX lock-up expiry frees up to 911.5 million insider shares
The first lock-up release for SpaceX shares took effect on August 6, 2026.
SpaceX and Tesla announce $16.8 billion first phase of Terafab chip plant in Texas
Tesla and SpaceX announced the first phase of Terafab, a semiconductor plant in Grimes County, Texas, with $16.8 billion of initial investment.
SpaceX posts first public quarter with revenue up 92% to $7.8 billion
SpaceX reported its first quarterly results as a public company for the quarter ended June 2026.
SpaceX shares fall more than 8% after hours as capex of $18.4 billion tops estimates
SpaceX shares fell more than 8% in late trading on August 4, 2026, after its first quarterly report as a public company.
Starlink ARPU falls to $66 a month from $85 as subscribers reach 12.0 million
SpaceX reported 12.0 million Starlink subscribers at June 30, 2026, up from 10.3 million at March 31 and 6.0 million a year earlier.
Starship Flight 13 deploys 20 Starlink V3 satellites and ship soft-splashes in Indian Ocean
Starship Flight 13 launched from Starbase, Texas, on July 24, 2026, the second flight of the V3 vehicle after Flight 12 in May.
SpaceX shares slip below $135 IPO price intraday, close just above it
SpaceX shares traded below the $135 IPO price intraday on July 15, 2026, but closed at $135.27, down 0.6% for the day.
SpaceX joins the Nasdaq-100 index on July 7, 2026
Nasdaq said in a regulatory filing on Friday, June 26, 2026, that SpaceX would join the Nasdaq-100 before the New York open on July 7.
SpaceX prices $25 billion of senior notes in five tranches
SpaceX priced $25 billion of senior notes in five tranches, according to a company release from Starbase, Texas, dated June 23, 2026.
SpaceX reports about $100.8 billion of cash and starts senior notes sale to repay bridge loan
In a filing on June 22, SpaceX told investors it held about $100.8 billion of cash and cash equivalents as of June 19, 2026, and warned that its June 30 balance could differ materially.
SpaceX agrees to buy Cursor maker Anysphere in $60 billion all-stock merger
SpaceX signed a merger agreement under which its subsidiary X67 Inc.
Roelof Botha joins SpaceX board as independent director and Audit Committee member
SpaceX's board elected Roelof Botha as an independent Common Stock Director to fill an existing vacancy, effective June 16, 2026, and appointed him to the Audit Committee.
SpaceX closes IPO with full overallotment, raising about $85.7 billion gross
SpaceX closed its initial public offering on June 15, 2026 after the underwriters exercised their option in full.
SpaceX prices record IPO at $135 per share for 555.6 million shares
SpaceX confirmed the pricing of its initial public offering at a fixed $135 per share, with 555,555,555 Class A shares offered on the Nasdaq Global Select Market and Nasdaq Texas.
SpaceX shares jump 19% in Nasdaq debut to close at $160.95
SPCX closed at $160.95 on its first trading day, up about 19% from the $135 IPO price.
Starship Flight 12 flies the first V3 vehicle; ship splashes down in Indian Ocean as planned
Starship Flight 12 flew the upgraded V3 version of the vehicle from Starbase, Texas, on May 22, 2026.
Anthropic agrees to use SpaceX's Colossus 1 data center in Memphis
Anthropic signed an agreement with SpaceX to use more than 300 megawatts of computing capacity at Colossus 1 in Memphis, Tennessee, to support demand for its Claude models.
Nasdaq adopts fast-entry rule that can add big IPOs to the Nasdaq-100 within 15 trading days
Nasdaq announced a rule that lets a newly listed company ranking among the top 40 index members by market value join the Nasdaq-100 after its 15th trading day, instead of waiting months.
NASA Crew-12 mission set to launch four astronauts to the ISS on SpaceX Dragon
NASA scheduled its SpaceX Crew-12 mission to carry four astronauts to the International Space Station, with liftoff set for February 13, 2026 at 5:15 a.m.
SpaceX completes all-stock acquisition of xAI
SpaceX announced that it had completed its acquisition of the AI company xAI in a private share swap, so no large cash outlay was needed.
SEC filings
| Sep 30, 26 | 4/A | 4/A: Insider transaction report (amended) | sec.gov ↗ |
| Sep 24, 26 | 4 | Form 4: Shotwell Gwynne (President and COO, Director) — option exercise 555,480 sh, open-market sale 342,170 sh | sec.gov ↗ |
| Sep 22, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 15, 26 | 4 | Form 4: Gracias Antonio J. (Director) — other 42,790,223 sh | sec.gov ↗ |
| Aug 14, 26 | SCHEDULE 13G | SCHEDULE 13G: Passive ownership report (5%+) | sec.gov ↗ |
| Aug 14, 26 | SCHEDULE 13G | SCHEDULE 13G: Passive ownership report (5%+) | sec.gov ↗ |
| Aug 14, 26 | 8-K | 8-K: Acquisition or Disposition, Unregistered Equity Sale (Items 2.01, 3.02) | sec.gov ↗ |
| Aug 13, 26 | SCHEDULE 13G | SCHEDULE 13G: Passive ownership report (5%+) | sec.gov ↗ |
| Aug 11, 26 | SCHEDULE 13G | SCHEDULE 13G: Passive ownership report (5%+) | sec.gov ↗ |
| Aug 4, 26 | S-8 | S-8: Employee plan share registration | sec.gov ↗ |
| Aug 4, 26 | S-8 | S-8: Employee plan share registration | sec.gov ↗ |
| Aug 4, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 30, 2026 | sec.gov ↗ |
| Aug 4, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Jun 26, 26 | 8-K | 8-K: Other Events (Item 8.01) | sec.gov ↗ |
| Jun 23, 26 | 8-K | 8-K: Other Events (Item 8.01) | sec.gov ↗ |
| Jun 22, 26 | 8-K | 8-K: Regulation FD Disclosure, Other Events (Items 7.01, 8.01) | sec.gov ↗ |
| Jun 18, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| Jun 17, 26 | 4 | Form 4: Musk Elon (CEO, CTO & Chairman, Director, 10% Owner) — award 511,368,120 sh, disposition to issuer 25,172,695 sh, open-market sale 11,390 sh, gift 480 sh, other 186,545 sh, conversion 315,926,250 sh | sec.gov ↗ |
| Jun 17, 26 | 8-K | 8-K: Director/Officer Change (Item 5.02) | sec.gov ↗ |
| Jun 16, 26 | 8-K | 8-K: Material Agreement, Unregistered Equity Sale (Items 1.01, 3.02) | sec.gov ↗ |
| Jun 15, 26 | 8-K | 8-K: Unregistered Equity Sale, Change to Shareholder Rights, Director/Officer Change, Charter/Bylaw Amendment, Regulation FD Disclosure, Other Events (Items 3.02, 3.03, 5.02, 5.03, 7.01, 8.01) | sec.gov ↗ |
| Jun 12, 26 | S-8 | S-8: Employee plan share registration | sec.gov ↗ |
| Jun 12, 26 | 424B4 | 424B4: Filing | sec.gov ↗ |
| Jun 12, 26 | EFFECT | EFFECT: Filing | sec.gov ↗ |
| Jun 11, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |