What is the 13F Pro Quality Score for SPCX?

13F Pro ranks SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SPCX's current score at https://13fpro.ai/company/SPCX (free sign-up required for the full ranking).

Which hedge funds own the most SPCX stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of SPCX include Alphabet, Valor Management, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/SPCX as soon as new 13F filings post.

Where does 13F Pro source SPCX data?

All SPACE EXPLORATION TECHNOLOGIES CORP fundamentals and ownership data come directly from SEC EDGAR. SPACE EXPLORATION TECHNOLOGIES CORP files with the SEC under CIK 1181412. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SPCX in?

SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is SPCX research updated on 13F Pro?

SPCX's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

SPACE EXPLORATION TECHNOLOGIES CORP(SPCX)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

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SPCX Stock Analysis & AI Quality Score

Data updated 2026-07-26

AI stock analysis and institutional research for SPACE EXPLORATION TECHNOLOGIES CORP (SPCX), a Technology sector company. SPCX is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q2 2026), SPACE EXPLORATION TECHNOLOGIES CORP reports quarterly revenue of $7.8B, net income of $-541.0M, an operating margin of -1.8%. Top institutional holders of SPCX by reported 13-F value include Alphabet, Valor Management, FMR, based on the most recent SEC filings. SPCX trades on the Nasdaq exchange and files with the SEC under CIK 1181412. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPCX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SPACE EXPLORATION TECHNOLOGIES CORP directly from SEC EDGAR.

Revenue

Q2 2026

$7.8B

Net Income

Q2 2026

$-541.0M

Operating Margin

Q2 2026

-1.8%

ROIC

Q2 2026

-0.3%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Total Assets

$92.08BFY 2025

FY24 —FY25 $92.08B

Total Debt

$22.90BFY 2025

FY24 —FY25 $22.90B

Metric	FY 2025	FY 2024
Total Assets	$92.08B	—
Total Debt	$22.90B	—

AI Insight: SPCX Financial Trends

Revenue doubled year-over-year to $7.8B in Q2 2026, but equity surged 24x in one quarter while debt nearly doubled, signaling massive capital raise or restructuring.

• Revenue grew 92% from Q2 2025 ($4.1B) to Q2 2026 ($7.8B), demonstrating accelerating top-line growth.

• Operating loss narrowed sharply: Q2 2025 showed -$970M op income; Q2 2026 improved to -$143M, a 85% reduction in operating losses.

• Equity exploded from $2.6B (Q4 2025) to $127.2B (Q2 2026), while debt rose to $40.8B—indicating substantial equity issuance or business combination.

⚠ Company remains unprofitable with -$541M net loss in Q2 2026; path to sustained profitability unclear despite revenue acceleration.

⚠ Debt-to-equity ratio jumped from 8.9x (Q4 2025) to 0.32x (Q2 2026)—dramatic shift requires monitoring for capital allocation strategy.

AI Insight: SPCX Ratio Trends

SPCX swung from deeply negative profitability in Q2 2025 to near-breakeven in Q2 2026, but leverage spiked to 8.90x in Q4 2025 before normalizing.

• Operating margin improved 22.0pp from -23.8% (Q2 2025) to -1.8% (Q2 2026); net margin recovered 17.9pp to -6.9%.

• ROIC nearly broke even at -0.3% in Q2 2026, up 74.1pp from -74.4% in Q2 2025.

• Debt-to-equity spiked to 8.90x in Q4 2025, then retreated to 0.32x by Q2 2026; TTM D/E stands at 0.32x.

⚠ Q4 2025 D/E of 8.90x was exceptional; clarify whether debt refinancing, equity injection, or one-time liability drove spike.

⚠ Profitability remains negative across all margins in Q2 2026; path to sustained positive ROIC unclear.

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Available Research

13F Pro tracks comprehensive data for SPACE EXPLORATION TECHNOLOGIES CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SPCX

Alphabet Inc.
$94.2B551,189,500 sh
Valor Management LLC
$86.0B503,414,530 sh
FMR LLC
$51.7B302,555,831 sh
VY Capital Management Co. Ltd.
$46.4B271,811,500 sh
Gigafund Management Company, LLC
$29.4B171,826,745 sh
PUBLIC INVESTMENT FUND
$26.3B154,146,835 sh
BAMCO INC /NY/
$24.9B145,775,147 sh
D1 Capital Partners L.P.
$21.5B126,042,232 sh
NVIDIA CORP
$21.0B122,764,805 sh
SC US (TTGP), LTD.
$20.9B122,519,145 sh

Fund	Value	Shares
Alphabet Inc.	$94.2B	551,189,500
Valor Management LLC	$86.0B	503,414,530
FMR LLC	$51.7B	302,555,831
VY Capital Management Co. Ltd.	$46.4B	271,811,500
Gigafund Management Company, LLC	$29.4B	171,826,745
PUBLIC INVESTMENT FUND	$26.3B	154,146,835
BAMCO INC /NY/	$24.9B	145,775,147
D1 Capital Partners L.P.	$21.5B	126,042,232
NVIDIA CORP	$21.0B	122,764,805
SC US (TTGP), LTD.	$20.9B	122,519,145

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Is SPCX a good stock to buy?

13F Pro's AI-powered analysis of SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SPCX are available on the SPCX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. SPCX is classified as a mega company.

Which hedge funds own SPCX?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SPCX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SPACE EXPLORATION TECHNOLOGIES CORP's investment landscape.