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SpaceX

ActiveFounded 2002🇺🇸Starbase, Texas
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CEO

Elon Musk

Data verified as of Sep 4, 2026

Summary

Space Exploration Technologies Corp. (SpaceX) designs, manufactures, and launches reusable rockets and spacecraft. The company operates Falcon 9, Falcon Heavy, Dragon, Starlink, and the government-focused Starshield line while continuing to develop Starship for high-cadence heavy-lift missions to the Moon, Mars, and beyond. Starlink crossed 12 million customers across 160+ countries on June 4, 2026 and the constellation now exceeds 10,400 working satellites in orbit. Following the February 2026 xAI merger, SpaceX also operates the Memphis Colossus supercomputers as an AI hyperscaler, disclosing $14.1B of new Cloud Services Agreements signed in Q2 2026 alone (on top of the Anthropic, Google, and Reflection AI compute deals). SpaceX completed the largest IPO in history on June 12, 2026, debuting on Nasdaq under ticker SPCX at its fixed $135-per-share price for a roughly $1.77 trillion valuation and about $75B in proceeds, with Elon Musk retaining ~82% voting control; SPCX slid as low as $107.01 in late July before rebounding to close above its $135 IPO price on August 10, 2026 for the first time since mid-July. Starship returned to flight after the FAA closed the Flight 12 mishap investigation on July 13, 2026: on July 24, 2026 Flight 13 - the second flight of the Version 3 vehicle - deployed the program's first 20 operational Starlink V3 satellites and made the softest ship splashdown yet, and recovery crews towed the intact upper stage (Ship 40) through rough seas to Christmas Island, Australia by August 18, 2026 - the first Starship upper stage ever recovered intact after flight - before the semi-submersible vessel Forte departed Christmas Island on August 28, 2026 to carry it roughly 20,000 km back to Starbase, Texas. Days after its IPO, SpaceX agreed on June 16, 2026 to acquire AI coding startup Cursor's parent Anysphere for $60B in an all-stock deal - the largest acquisition of a venture-backed startup ever - and closed the deal on August 15, 2026, ahead of its late-August target, giving Cursor access to SpaceX's GPU fleet including the Colossus supercomputer. SpaceX posted its first earnings as a public company on August 4, 2026 (Q2 revenue of $7.8B, up 92% year over year, narrowing its net loss to $541M), and on August 11 Elon Musk told employees SpaceX's AI compute business would exceed all its other revenue by September 2026 and account for 99% of the company's value within five years, targeting 10 gigawatts of AI compute capacity - up from 1.4 GW at the end of Q2 - by the end of 2027. On August 25 SpaceX announced a $100 billion Starbase Louisiana spaceport in Vermilion Parish, with construction expected in 2027 and a first launch targeted as soon as 2029. A Falcon Heavy flew its 13th mission on August 30, 2026, launching NASA's Roman Space Telescope with both side boosters landing intact at Cape Canaveral, a day after NASA and SpaceX postponed the planned September 12 Crew-13 ISS launch when an oxidizer leak was found in Dragon's propulsion system during prelaunch processing. A mid-August 13F filing also disclosed Nvidia holds roughly $21B of SpaceX stock via its earlier xAI investment, as SpaceX committed on its August 4 earnings call to building its future AI compute exclusively on Nvidia's Vera Rubin architecture. SPCX shares climbed about 7% to close at $150.84 on September 3, 2026 after Oppenheimer raised its price target to $280 from $250 on growing confidence in the AI-compute business, with investors also looking ahead to the approaching Starship Flight 14 test.

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Products & Subsidiaries

Falcon 9

Falcon 9

Active

Partially reusable two-stage medium-lift launch vehicle. The world's most frequently launched orbital rocket.

Operational since 2010 and the primary workhorse for SpaceX commercial, civil, and national-security launches - 100+ Falcon 9 missions flown in 2026 by August 25, with the fleet leader (B1067) reaching a record 37th flight the same day.

Payload to LEO22,800 kg
Payload to GTO8,300 kg
Height70 m (229.6 ft)
Total Launches665+ (Falcon family, late June 2026)
Success Rate99.8%
Booster Landings657 (cumulative Falcon-family landing count including the two Falcon Heavy side boosters that landed at LZ-2 and LZ-40 on August 30, 2026 during the Roman Space Telescope launch, up from 655 as of booster B1082's August 26, 2026 landing on the Starlink 15-22 mission from Vandenberg)
Most-Reused Booster37 flights (B1067, August 25, 2026 - orbital reuse record, on the Starlink 10-49 mission, chasing the Space Shuttle's 39)
Cost per Launch~$67M
Falcon Heavy

Falcon Heavy

Active

Heavy-lift launch vehicle consisting of a strengthened Falcon 9 core with two additional boosters.

Operational since 2018 for heavy national-security, science, and high-energy commercial payloads; flew its 13th mission on August 30, 2026, launching NASA's Nancy Grace Roman Space Telescope with both side boosters landing back at Cape Canaveral and the center core expended.

Payload to LEO63,800 kg
Payload to GTO26,700 kg
Payload to Mars16,800 kg
Total Launches13 (13th flight August 30, 2026 - NASA's Nancy Grace Roman Space Telescope from KSC LC-39A, both side boosters landing at LZ-2 and LZ-40 and the center core expended; 12th flight was April 29, 2026's ViaSat-3 F3)
Height70 m (229.6 ft)
Cost per Launch~$150M
Dragon

Dragon

Active

Reusable spacecraft for cargo and crew transport to the International Space Station.

Cargo missions since 2012 and crew missions since 2020, with regular NASA ISS rotations and private astronaut flights.

Crew CapacityUp to 7
Cargo Capacity (pressurized)6,000 kg
Total Missions50+
Crewed Missions20+
Astronauts Flown72+
Starship

Starship

In Development

Fully reusable super-heavy-lift launch system designed for missions to the Moon, Mars, and beyond. V3 (Block 3) variant with Raptor 3 engines is the production version.

Integrated test campaign underway. The first Starship V3 flew on May 22, 2026 (Flight 12) from Starbase Pad 2, losing the booster on its return burn; Flight 13 on July 24, 2026 was the cleanest mission yet, deploying the first 20 operational Starlink V3 satellites and bringing both stages to controlled splashdowns. The Flight 13 upper stage (Ship 40) was towed intact through rough seas to Christmas Island, Australia by August 18, 2026 - the first Starship upper stage ever recovered intact after flight - and departed for Starbase, Texas aboard the semi-submersible vessel Forte on August 28, 2026, a roughly 20,000 km trip expected to take several weeks; engineers inspected the ship in place at Christmas Island and collected heat-shield samples. Flight 14 (hardware Ship 41 and Booster 21) slipped from a 'late August' target: Isaacman said August 14 he expected early September, but an August 20 airspace-planning briefing pointed to a September 15, 2026 target, and Musk said the first tower catch of the upper stage itself will wait 'a few months' beyond Flight 14. V3/Block 3 development is now focused on booster catch and reuse, rapid Starlink V3 cadence, and an orbital ship-to-ship propellant-transfer demo ahead of Artemis missions.

Payload to LEO100–150 t (fully reusable)
Height121 m (397 ft)
Diameter9 m (30 ft)
Raptor Engines (booster)33 (Raptor 3 on V3)
Test Flights Completed13 (Flight 13, July 24, 2026, deployed the first operational Starlink V3 satellites)
Successful Booster Catches3 (Flights 5, 7, 8)
Target Cost per Launch~$10M (at scale)

Starshield

Active

Government-focused satellite line built on SpaceX launch systems and Starlink platform technology for secure communications and other national-security missions.

Active government business line positioned alongside Starlink with a focus on secure mission sets for defense and intelligence customers.

Target CustomersGovernment and allied national-security users
Core ModelSpaceX launch + Starlink-derived satellite capabilities

Colossus 1 (Memphis)

Active

AI supercomputer in Memphis, Tennessee acquired in the February 2026 xAI merger. Sold as multi-year compute capacity to external AI customers, with disclosed contracts to Anthropic and Google.

Operating at 300+ MW with 220,000+ NVIDIA GPUs. Fully leased to Anthropic ($1.25B/month through May 2029) with additional capacity ramping for Google ($920M/month, ~110,000 GPUs, October 2026 through June 2029). xAI is concurrently building Colossus 2 as a unified Blackwell-only system for frontier training.

NVIDIA GPUs220,000+
Power Capacity300+ MW
Anthropic Contract$1.25B/month through May 2029
Google Contract$920M/month from Oct 2026 through Jun 2029 (~110,000 GPUs)
Disclosed Aggregate Contract Value$70B+

Starfall

In Development

Disk-shaped, uncrewed reentry capsule for returning cargo - such as pharmaceuticals and other orbital-manufacturing output - from low Earth orbit to Earth. SpaceX's entry into the commercial cargo-return market, competing with players like Varda Space Industries.

Debut flight launched on a Falcon 9 from Cape Canaveral on June 23, 2026, splashing down in the Pacific Ocean about 700 nautical miles off the U.S. West Coast; the FAA has approved SpaceX for two prototype Starfall reentry tests, with the second still unflown as of August 20, 2026.

Diameter3.1 m (10.2 ft)
Cargo CapacityUp to 1,000 kg
Flights Completed1 (debut, June 23, 2026)
Starlink logo

Division

Starlink

Starlink is SpaceX's satellite internet division and the largest satellite constellation ever flown, with more than 10,900 active satellites in low Earth orbit serving 12M+ customers across 160+ countries as of mid-2026. Reported as SpaceX's Connectivity segment, it generated $11.39B of revenue in 2025 (61% of SpaceX's total, up ~49% year over year) with $7.17B of segment adjusted EBITDA, and grew Q2 2026 quarterly revenue 66% year over year to $4.29B-$4.3B - the profit engine funding Starship and SpaceX's AI-compute buildout. Beyond fixed broadband, Starlink runs maritime, aviation (42 airlines have Starlink Wi-Fi), and Direct to Cell services: the July 2025 T-Satellite launch with T-Mobile made satellite-to-phone service commercial in the US, and the FCC-approved ~$17B EchoStar spectrum purchase (May 2026) positions 'Starlink Mobile' to become a direct consumer carrier competing with AT&T, Verizon, and T-Mobile - though all three have so far publicly declined an MVNO deal. Next-generation V3 satellites - roughly 1 Tbps of downlink capacity each, launchable only on Starship - began deploying operationally on July 24, 2026, with Starship Flight 14 (an FCC filing puts the target at NET September 15, 2026) set to be the vehicle's first genuine orbital-trajectory attempt; V3 underpins plans for gigabit consumer service and a target of ~25M users by year-end 2026. SpaceX raised most residential and aviation Starlink plan prices in mid-2026, and on its first public earnings call as a Nasdaq-listed company (SPCX, Aug 4, 2026) confirmed Starlink's Q2 subscriber and revenue growth and reiterated plans to build its own Starlink Mobile network rather than lease capacity to a wireless carrier.

xAI logo

Division

xAI

xAI is Elon Musk's artificial-intelligence company - founded in March 2023, merged with the X social platform in March 2025, acquired by SpaceX in a $250B all-stock deal on February 2, 2026, and rebranded SpaceXAI on July 6, 2026. It builds the Grok model family, whose latest release, Grok 4.6 (August 12, 2026), reuses Grok 4.5's foundation with improved fine-tuning for long-running agent tasks and coding, scoring 61 on the Artificial Analysis Intelligence Index to match OpenAI's GPT-5.6 Sol, plus Grok Imagine, an image-and-video generator Musk declared 'done' on July 5, 2026 and which topped the Image-to-Video Arena leaderboard; Grok features reached ~117 million monthly active users by March 2026, third in the US behind ChatGPT and Gemini. Its Memphis-area Colossus supercomputer complex - roughly 555,000 Nvidia GPUs expanding toward 2 GW and 1 million GPUs across a third facility, Colossus 3 ('MACROHARDRR' in Southaven, Mississippi) - has become a business in itself, leased to Anthropic ($1.25B/month for all of Colossus 1), Google ($920M/month from October 2026) and, since a June 22, 2026 deal, open-source lab Reflection AI ($150M/month), though its temporary gas turbines drew an April 2026 NAACP lawsuit; the Department of Justice moved in June 2026 to dismiss that suit on national-security grounds, SpaceX agreed on July 31, 2026 with Mississippi regulators to fully remove the unpermitted turbines by July 2027 (removal underway, though the plant that replaces them is running behind schedule and an August 24 injunction hearing that could have forced an earlier shutdown was postponed). xAI also sued Minnesota over its new ban on AI 'nudification' tools, which took effect August 1 after a federal judge declined to block it. Grok is embedded in X (600M MAU), Tesla vehicles, and the Pentagon's GenAI.mil platform, now used by 1.5 million people daily across all its AI tools. The combined SpaceX went public on June 12, 2026 in history's largest IPO (~$85.7B raised), fell to a 52-week low of $104.83 on August 3 amid investor concern over xAI's compute spending (Q1 2026: $818M revenue against a $2.47B operating loss), then rebounded to close above its $135 IPO price on August 10 and at $146.23 on August 17, before easing to $140.87 by August 28; on August 14, 2026 SpaceX closed its $60B all-stock acquisition of Cursor-maker Anysphere - the largest acquisition of a venture-backed startup ever, folding Cursor's 50,000+ business customers and coding data into the Grok pipeline - and in his first address to Cursor's staff that same week Musk admitted he was 'not used to losing' and named Anthropic the AI industry's current frontrunner; the division's next act - the 6-trillion-parameter Grok 5 - is still training on Colossus 2 after slipping past two target windows, with no confirmed release date.

What's Next

Demonstrate Starship V3 booster catch and orbital propellant transfer

Flight 13 succeeded on July 24, 2026 - the program's first operational Starlink V3 deployment (20 satellites) and controlled splashdowns of both stages - clearing SpaceX to attack the harder V3 milestones. Recovery crews spent 24 days towing the intact Flight 13 upper stage (Ship 40) through rough seas across the Indian Ocean, reaching Christmas Island, Australia on August 18, 2026 - the first Starship upper stage ever recovered intact after flight. SpaceX engineers inspected Ship 40 in place, collecting heat-shield samples that Musk said confirmed the heat-shield problem is solved, before loading it onto the semi-submersible vessel Forte, which departed Christmas Island on August 28, 2026 for the roughly 20,000 km trip back to Starbase, Texas. On August 28, 2026 SpaceX also completed a full-duration 33-engine static fire of the Super Heavy booster assigned to Flight 14 at Starbase, following a six-engine static fire of that flight's Ship. Flight 14 (hardware Ship 41 and Booster 21) slipped past its 'late August' target: NASA Administrator Jared Isaacman said August 14, 2026 that SpaceX was tracking an early-September launch, but an August 20, 2026 airspace-planning briefing for air-traffic managers instead pointed to a September 15, 2026 target. On August 20, 2026 Musk also said Flight 14 will not attempt the first launch-tower catch of the upper stage itself after all; SpaceX now expects to try the ship catch 'in a few months,' pushing the first Starship reflight out to around the end of 2026 or early 2027. Flight 14 still aims for Starship's first orbital-class flight while carrying production Starlink satellites and catching the Super Heavy booster at the tower (the Flight 13 booster relit only about five of its planned landing-burn engines on an offshore splashdown). Beyond that, the roadmap runs through flying Starlink V3 on a rapid cadence and demonstrating an orbital ship-to-ship propellant transfer - the in-space refueling demo that FCC filings and the Artemis HLS contract both hinge on.

September 15, 2026 (Flight 14, per airspace-planning target); ship catch a few months later

Next post-IPO lock-up tranche unlocks (~September 9, 2026)

SpaceX's second lock-up tranche - the Day-70 calendar release, ~319 million shares - actually unlocked on August 20, 2026, not August 31 as previously tracked here, and sent SPCX as much as ~6% lower intraday, dipping below its $135 IPO price for the first time since the June debut (see milestoneHistory). The next scheduled release is the similarly sized Day-90 tranche around September 9, 2026, followed by further calendar tranches around September 24 and October 9 and 24, 2026, before the remaining 180-day lock-up on Elon Musk's roughly 6.4B shares expires December 8, 2026.

2026-09-09

Artemis lunar lander (HLS)

NASA Administrator Jared Isaacman said August 14, 2026 he is 'extremely confident' Artemis III will launch in 2027, saying NASA tracks 'every single component' of the program 'down to the day, down to the hour' - and tied that confidence directly to SpaceX's Starship cadence, saying that if Flight 14 flies in early September as planned and SpaceX keeps flying roughly every few weeks through year-end, NASA will 'feel very good' about Starship's readiness to contribute to Artemis III. NASA and SpaceX completed wind-tunnel testing of the upgraded Super Heavy V3 booster at NASA Ames in 2026, verifying the aerodynamic loads it will face returning from lunar missions. Artemis III is a late-2027 low-Earth-orbit demonstration testing rendezvous and docking between Orion and uncrewed pathfinder versions of both SpaceX's Starship HLS and Blue Origin's Blue Moon Mark 2, with the first crewed lunar landing pushed out to Artemis IV in early 2028. Progress still hinges on SpaceX demonstrating reliable Starship V3 flights - including Flight 14, now expected around September 15, 2026 - and the in-orbit propellant-transfer capability the lunar lander depends on. As of September 4, 2026, Isaacman's August 14 statement remains NASA's most recent public assessment; no new HLS schedule update had been issued since.

2027-2028

Launch Starmind AI1 orbital-compute prototype

SpaceX and Nvidia are jointly developing Starmind, satellites pairing a space-optimized version of Nvidia's Vera Rubin NVL72 system (Vera CPUs and Rubin GPUs) to run AI workloads from low Earth orbit. On August 24, 2026 Elon Musk said the first-generation AI1 satellite (roughly 20 meters tall, 70 meters wide, about 150 kilowatts peak power and 120 kilowatts average compute) will now launch in Q4 2027, pulled forward from a prior 2028 target, with volume launches and a larger commercial orbital-compute constellation reaching significant scale in 2028. The announcement drove a roughly 3% jump in SpaceX shares.

Q4 2027

Start construction of Starbase Louisiana

SpaceX's $100 billion Vermilion Parish spaceport is planned as five launch complexes (two pads each) with on-site propellant production, power generation, vehicle processing and housing. Construction is expected to begin in 2027, with SpaceX targeting a first Starship launch as soon as 2029; Louisiana Economic Development has said initial operations are expected around 2030. The project is expected to create 3,000 direct jobs over 10 years at an average salary of about $92,600.

Construction 2027; first launch as soon as 2029

Build Terafab, a joint SpaceX-Tesla chip factory in Texas

SpaceX and Tesla confirmed on August 6, 2026 that their jointly developed Terafab semiconductor factory will be sited in Grimes County, Texas (Gibbons Creek Reservoir, outside College Station), with an initial investment phase of $16.8 billion and at least 3,000 jobs planned. The vertically integrated, roughly 100-million-square-foot plant, to be operated by SpaceX as the high-volume production site, is designed to make, package and test advanced logic and memory chips, supplying high-power silicon for SpaceX's planned space-based AI data centers as well as Tesla's Optimus and Cybercab compute needs; total investment could reach $119 billion if further phases are built out, though SpaceX's own S-1 has characterized the plan as a non-binding general framework. Intel joined the project in April 2026 as its named foundry partner, committing its next-generation 14A process node - Intel's first major external 14A customer. The Grimes County tax incentives cleared their remaining hurdles in July 2026, when the Iola and Anderson-Shiro Consolidated Independent School Districts approved a combined $1.66 billion in property-tax abatements under the Texas JETI program, following county commissioners' earlier 4-1 vote for a reinvestment zone and 100% county tax abatement. As of mid-August 2026 the Grimes County site was reported to be in site-development, financing, equipment-ordering and early-construction stages; neither company has announced a formal groundbreaking ceremony, a completion date, or a first-output target for the full-scale facility.

Late 2020s

Mars cargo architecture

Flight 13's July 24, 2026 success - the first operational Starlink V3 deployment - proved Starship V3 can reach space and deploy payloads, but the architecture for regular Mars cargo missions still depends on unproven capabilities: Super Heavy booster catch and rapid reuse, in-space propellant transfer between two Starships, and long-duration ship operations. The Flight 13 upper stage (Ship 40) was itself recovered intact after a 24-day ocean tow to Christmas Island, Australia (arriving August 18, 2026) and departed for Starbase, Texas aboard the vessel Forte on August 28, 2026, giving engineers a first-ever intact post-flight ship to inspect. No Mars-specific test has flown since Flight 13; the near-term gating step remains Flight 14, now targeted for around September 15, 2026 (slipped past its 'late August' target), with the first tower-catch attempt of the upper stage pushed further out to 'a few months' after that. The S-1 explicitly anchors the long-term mission of 'making life multiplanetary' on this architecture.

Late 2020s+

Scale AI compute capacity toward 10 GW

In an August 11, 2026 address to employees, Elon Musk said SpaceX's AI compute business would exceed all its other revenue lines by September 2026 and 'significantly' exceed them by Q4, and that AI would account for 'probably 99%' of SpaceX's value within five years. On the August 4, 2026 earnings call Musk had already committed SpaceX to building its future AI compute exclusively on Nvidia's Vera Rubin architecture, with an interim target of 2 GW of installed compute online by the end of 2026 - up from 1.4 GW at the end of Q2 2026 - en route to 10 GW by the end of 2027, which he estimated could generate $300B-$500B in annual revenue at a value of $30-$50 per watt.

2 GW by end of 2026; 10 GW by end of 2027

Launch Crew-13 to the ISS

NASA had moved up SpaceX's Crew-13 mission from a planned November launch to September 12, 2026 to increase ISS crew-rotation cadence, but on August 29, 2026 NASA and SpaceX postponed that date after an oxidizer leak was detected on Dragon's propulsion system during standard prelaunch processing. Joint teams are running additional tests and data review, with any needed rework to be completed before a new target date is set. The Dragon flight will carry NASA's Jessica Watkins (commander) and Luke Delaney (pilot), CSA's Joshua Kutryk, and Roscosmos's Sergey Teteryatnikov on a Falcon 9 from Cape Canaveral, continuing the Commercial Crew Program's regular ISS rotations.

TBD (postponed from September 12, 2026 pending Dragon propulsion-leak investigation)

Hit $1 trillion in annual revenue by 2030

On SpaceX's August 4, 2026 earnings call - its first as a public company - Elon Musk pulled the company's internal $1 trillion annual-revenue target forward a year, to 2030 from a prior 2031 goal, and said there is a 'non-zero chance' of reaching it as soon as 2029. Hitting $1T from 2025's $18.67B consolidated revenue base implies a roughly 122% five-year compound annual growth rate, a pace Musk is betting on AI-compute revenue (which he has separately said could reach $300B-$500B annually by the end of 2027) to deliver alongside Starlink and launch. As of September 4, 2026 this remains the standing target; the September 3, 2026 Oppenheimer price-target increase to $280 cited growing analyst confidence in the AI-compute thesis underpinning it, but no revised revenue figure or timeline has been issued since the August 4 call.

2030

Track Record

4 of 5 announced dates hit · 1 slipped

Launch Crew-13 to the ISS on schedule (September 12, 2026)

Target 2026-09-12 · Resolved Aug 29, 2026

NASA and SpaceX postponed the planned September 12, 2026 Crew-13 launch after detecting an oxidizer leak on Dragon's propulsion system during standard prelaunch processing. Joint teams are running additional tests and data review, with any needed rework completed before a new target date is announced; the mission remains expected to fly once the investigation closes.

Slipped

Second post-IPO lock-up tranche unlocks (Day-70, ~319M shares)

Target 2026-08-20 (Day-70 calendar lock-up tranche) · Resolved Aug 20, 2026

SpaceX's second post-IPO lock-up tranche unlocked on schedule on August 20, 2026, freeing roughly 319 million additional shares (the Day-70 calendar release under the IPO lock-up agreement). SPCX fell as much as ~6% intraday and closed below its $135 IPO price for the first time since its June debut - a sharper reaction than the far larger August 6 unlock (911.5M shares), which the stock absorbed with a 6% gain. The next scheduled tranche (~319M shares, Day-90) falls around September 9, 2026.

Hit

Close $60B Cursor (Anysphere) acquisition

Target Late August 2026 · Resolved Aug 15, 2026

SpaceX officially closed its all-stock acquisition of Cursor-maker Anysphere on August 15, 2026, ahead of the late-August target, giving Cursor access to SpaceX's GPU fleet including the Colossus supercomputer for AI model training. The deal, first agreed June 16, 2026, is the largest acquisition of a venture-backed startup ever; Cursor and SpaceX have already jointly trained Grok models on Cursor's coding data.

Hit

Record lock-up unlock and post-earnings stock reaction

Target August 2026 · Resolved Aug 6, 2026

SpaceX's first post-IPO lock-up expired on August 6, 2026 as scheduled, freeing up to 911.5 million insider shares (worth roughly $100B) and more than doubling the public float to about 11.8% of shares outstanding from 4.9%. Despite the dilution, SPCX stock rose about 6.1% that day.

Hit

First public earnings report as a public company

Target August 2026 · Resolved Aug 4, 2026

SpaceX posted its first earnings as a public company on August 4, 2026: Q2 revenue of $7.8B (up 92% year over year, beating consensus by nearly $1B) and a narrower-than-expected $541M net loss ($0.09/share). Shares fell on the print as investors weighed AI-infrastructure capex despite the beat. The related August 6 lock-up expiration is a separate, still-upcoming event - see the current nextSteps entry.

Hit

Operations & Revenue

StatusOperational

Fully operational launch, spacecraft, broadband, government-satellite, and AI-compute business. SpaceX remains the world's leading launch provider, logging its 100th mission of 2026 on August 19 (97th Falcon 9 flight of the year) and its 651st cumulative Falcon-family booster landing the same day - the third straight year it has topped 100 launches. It runs Starlink and Starshield alongside its Falcon and Dragon programs, and returned Starship V3 to flight on July 24, 2026 (Flight 13, the program's cleanest mission yet) after the FAA closed its Flight 12 mishap investigation on July 13; recovery crews then spent 24 days towing the intact Flight 13 upper stage (Ship 40) through rough seas to Christmas Island, Australia by August 18, 2026 - the first Starship upper stage ever recovered intact after flight - before the semi-submersible vessel Forte departed Christmas Island on August 28, 2026 to carry it roughly 20,000 km back to Starbase, Texas. On August 28, 2026 SpaceX also completed a full-duration 33-engine static fire of the Super Heavy booster assigned to Flight 14 at Starbase. Flight 14 slipped past its 'late August' target: NASA Administrator Jared Isaacman said August 14 he expected early September, but an August 20 airspace-planning briefing pointed to a September 15, 2026 target, and Musk said the first tower catch of the upper stage itself will wait 'a few months' beyond Flight 14. A Falcon Heavy separately flew its 13th mission on August 30, 2026, launching NASA's Roman Space Telescope with both side boosters landing back at Cape Canaveral. NASA and SpaceX postponed the planned September 12, 2026 Crew-13 ISS launch on August 29, 2026 after finding an oxidizer leak in Dragon's propulsion system during prelaunch processing, with a new target date pending investigation. SpaceX posted its first earnings as a public company on August 4, 2026 (Q2 2026 revenue of $7.8B, up 92% year over year, narrowing its net loss to $541M) and absorbed an August 6 lock-up expiration that freed roughly 911.5M shares (~$116B) without derailing the stock, which climbed back above its $135 IPO price in mid-August before a second, ~319M-share lock-up tranche on August 20 briefly pushed it back below $135; shares closed at $141.50 on August 30, then rose about 7% to $150.84 on September 3 after Oppenheimer raised its price target to $280 from $250 on rising confidence in the AI-compute business, with Starship Flight 14 (now targeted around September 15) as the next catalyst investors are watching. On August 4 Musk also pulled SpaceX's internal $1 trillion annual-revenue target forward to 2030 and committed SpaceX to building its future AI compute exclusively on Nvidia's Vera Rubin architecture, targeting 2 GW installed by the end of 2026 en route to 10 GW by the end of 2027; a 13F filing disclosed August 14, 2026 that Nvidia in turn holds roughly $21B of SpaceX stock via its earlier xAI investment. Following the February 2026 xAI merger, SpaceX also operates the Memphis Colossus supercomputers as an AI hyperscaler, with disclosed multi-year compute contracts worth $80B+ to Anthropic, Google, and Reflection AI plus $14.1B of new Cloud Services Agreements signed in Q2 2026 alone; on August 11, 2026 Elon Musk told employees SpaceX's AI compute revenue would exceed all its other business lines by September 2026 and account for 99% of company value within five years. The same week SpaceX disclosed Starlink had grown past 13M consumer subscribers and 22M monthly Starlink Mobile users. SpaceX closed its $60B acquisition of AI coding startup Cursor's parent Anysphere on August 15, 2026. Press reporting in August 2026 also tallies SpaceX's Golden Dome missile-defense contract awards at more than $8B.

Revenue Streams

Starlink Subscriptions

Recurring broadband subscriptions for residential, roaming, maritime, aviation, enterprise, and government users on the Starlink network - SpaceX's largest and only profitable segment, generating ~$11.4B of connectivity revenue in 2025 ($3.3B in Q1 2026).

Starlink Mobile (Direct-to-Cell)

Direct-to-cell service for messaging, voice, data, and IoT connectivity, currently sold through carrier partners (T-Mobile, Rogers, KDDI, One NZ, Optus, Telstra, Salt, Entel Peru, Entel Chile, Kyivstar, Virgin Media O2). With the FCC's May 2026 approval of its ~$17B EchoStar mid-band spectrum purchase, SpaceX is moving toward selling Starlink Mobile directly to US consumers and competing with AT&T, Verizon, and T-Mobile.

NASA Crew & Cargo Missions

Dragon missions for NASA crew rotation, cargo resupply, and private astronaut flights to the International Space Station.

Commercial Launch Services

Falcon 9 and Falcon Heavy launches for commercial satellite operators, including rideshare missions at $275K for 50 kg to SSO.

National Security Launches

Launch services for U.S. Space Force and NRO missions, including Phase 3 Lane 2 national security launch awards, plus the growing Golden Dome missile-defense book: a $4.16B Space Force AMTI satellite award and $2.29B Space Data Network Backbone award in May 2026 put SpaceX's confirmed Golden Dome-specific contracts at roughly $6.45B, and press reporting on August 20, 2026 that also counts the $1.6B, 18-launch Space-Based Sensing and Targeting order (awarded July 29, 2026) toward the program puts SpaceX's total Golden Dome-related awards above $8B - at least a third of Golden Dome contracts issued to date.

Starshield Government Services

Government-focused satellite services built on SpaceX launch and Starlink platform capabilities for secure communications and other national-security missions.

AI Compute Services (Colossus)

Multi-year GPU compute capacity sold to external AI customers from the Memphis Colossus supercomputers (Colossus 1 acquired in the February 2026 xAI merger; Colossus 2 being built out). Disclosed customers include Anthropic ($1.25B/month for the full ~220,000-GPU, 300 MW Colossus 1 capacity through May 2029), Google ($920M/month for ~110,000 GPUs from October 2026 through June 2029), and Reflection AI (up to $6.3B, ~$150M/month from July 2026 through 2029 for NVIDIA GB300 capacity at Colossus 2).

Key Metrics

Employees

22,000+ (full-time, Q1 2026)

Est. Annual Revenue

$18.67B consolidated 2025 (incl. xAI); space business ~$15.5B (Starlink/connectivity ~$11.4B + launch ~$4.1B). In its first earnings report as a public company on August 4, 2026, SpaceX posted Q2 2026 revenue of $7.8B (up 92% year over year, beating consensus by nearly $1B) and a narrower-than-expected net loss of $541M ($0.09/share). By segment: Connectivity (Starlink) $4.29B on $1.66B operating profit, AI $2.56B (up 247% YoY) on a $1.26B operating loss, and Space $962M (up 29% YoY) on a $542M operating loss - Starlink remains the only consistently profitable segment as AI-infrastructure and Starship spending kept the others unprofitable.

Falcon Booster Landings

657 (cumulative Falcon-family landing count including the two Falcon Heavy side boosters that landed at LZ-2 and LZ-40 on August 30, 2026 during the Roman Space Telescope launch, up from 655 as of booster B1082's August 26, 2026 landing on the Starlink 15-22 mission from Vandenberg. Booster B1067 separately set the fleet's individual-booster reuse record with its 37th flight and landing on August 25, 2026, on the Starlink 10-49 mission)

Valuation

SPCX hit a new all-time low of $107.01 intraday on July 28, 2026 before closing at $116.49 - down ~14% from its $135 IPO price and about 48% below its $225.64 June 16 closing high. SpaceX posted its first earnings as a public company on August 4, 2026: Q2 2026 revenue of $7.8B (up 92% year over year, beating the ~$6.7-6.8B consensus by nearly $1B) and a narrower-than-expected net loss of $541M ($0.09/share loss vs. a ~$0.26 consensus estimate), with $47.5B in backlog and $100B of cash on hand. Shares initially fell on the print as investors weighed AI-infrastructure capex (Q2 capex of $18.4B, incl. $15.83B on AI infrastructure), then rallied and closed at $138.74 on August 10, 2026, up 4.2% and back above the $135 IPO price for the first time since mid-July, after the August 6 lock-up expiration released roughly 911.5M shares (~$116B) - the largest such unlock in market history - without derailing the recovery. That recovery proved short-lived: a second lock-up tranche (~319M shares, the Day-70 calendar release) freed up on August 20, 2026 and sent SPCX as much as ~6% lower intraday, dipping back below the $135 IPO price for the first time since mid-July. Shares climbed back to $146.23 by August 17, 2026 before easing to close at $140.87 on August 28, 2026 - up about 0.9% that day as news of Ship 40's successful ocean recovery buoyed the stock - then ticked up further to close at $141.50 on August 30, 2026, holding modestly above the $135 IPO price. Shares extended that recovery to close up about 7% at $150.84 on September 3, 2026, after Oppenheimer analyst Timothy Horan raised his price target to $280 from $250, citing growing confidence SpaceX can become a major AI compute player; investor attention was also turning to the approaching Starship Flight 14 test

2026 Falcon Launches

100 Falcon 9 launches YTD as of August 25, 2026 (Starlink 10-49 from Cape Canaveral, also booster B1067's fleet-record 37th flight) - on top of the 100th mission of the year overall across all vehicles reached August 19, 2026, the third straight year SpaceX has topped 100 launches, reached about two months faster than in 2024. Gwynne Shotwell has guided to ~140-145 Falcon 9 flights for the full year. The scheduled September 2, 2026 Starlink mission from Vandenberg flew as planned (Starlink 15-23, 27 satellites; booster B1063 flew its 35th mission and landed on droneship Of Course I Still Love You), with the next Starlink flight (Group 15-24) on the schedule for September 6, 2026 and no material change to the cadence guidance

2025 Launches

165 Falcon missions (annual record; 167 orbital flights incl. Starship)

Starlink Customers

12M subscribers at the close of Q2 2026 (June 30), with ARPU of $66/month (up 17% quarter over quarter) on $4.29B of Connectivity revenue for the quarter. On August 11, 2026 SpaceX publicly posted a Musk-hosted employee all-hands meeting disclosing Starlink had grown past 13M consumer subscribers, plus 22M monthly Starlink Mobile (direct-to-cell) users. SpaceX targets ~25M active users by year-end 2026

Disclosed AI Compute Backlog

$80B+ multi-year contract value through 2029 (Anthropic ~$45B at $1.25B/mo through May 2029, Google ~$30B at $920M/mo Oct 2026-Jun 2029, Reflection AI up to $6.3B at Colossus 2) - combined the three deals run at roughly $2.32B/month, or about $27.8B annualized. No new named compute customer had been disclosed since Reflection AI in June 2026 as of September 2, 2026. Separately, SpaceX's own Q2 2026 earnings report discloses $14.1B of new Cloud Services Agreements signed in the quarter alone (its non-cancellable-period accounting) plus a further $6.7B booked in the opening weeks of Q3 2026

Timeline

2026xAI merger and public IPO filing

SpaceX absorbs xAI in an all-stock deal in February 2026, then on May 20, 2026 files a public S-1 to list on Nasdaq under ticker SPCX at an implied valuation near $1.75T, with pricing expected June 11. The filing discloses $18.67B in 2025 consolidated revenue, a $2.59B operating loss, and $6.58B adjusted EBITDA.

2026First Starship V3 flight (Flight 12)

On May 22, 2026 the first Starship V3 launches from Starbase Pad 2. The upper stage completes a full-duration suborbital flight, deploys 22 Starlink simulators, and splashes down in the Indian Ocean, while the Super Heavy booster is lost during its return burn.

2026FAA classifies Flight 12 a mishap and grounds Starship V3

On May 27, 2026 the FAA formally classifies Starship Flight 12 as a mishap and requires SpaceX to complete an investigation - overseen by the agency - before Flight 13 can fly. The Super Heavy booster had failed to ignite all planned engines during its boostback maneuver, cutting the burn short and ending in the loss of the booster.

2026$4.16B Space Force Golden Dome AMTI award

On May 29, 2026 the U.S. Space Force awards SpaceX a $4.16B contract to build a low-Earth-orbit constellation of airborne moving target indicator (AMTI) satellites for the Golden Dome homeland missile-defense initiative. The single award exceeds the combined prototype contracts of every other Golden Dome bidder and lifts SpaceX's total Golden Dome book to roughly $6.45B.

2026SpaceX debuts on Nasdaq in largest IPO ever

On June 12, 2026 SpaceX began trading on Nasdaq under ticker SPCX, selling 555.6M Class A shares at the fixed $135 price to raise roughly $75B at a ~$1.77T valuation - the largest IPO in history, eclipsing Saudi Aramco's 2019 record. Reported total demand exceeded $250B with an unusually large retail allocation of up to 30% of the offering, and Elon Musk retained ~82% voting control through a multi-class share structure.

2026IPO priced at $135 for $1.77T valuation

On June 3, 2026 SpaceX sets a fixed $135-per-share price for its Nasdaq IPO, targeting a $1.77T valuation and ~$75B in proceeds - the largest public offering in history. The roadshow opens June 4 with 555.6M shares on offer, Goldman Sachs leading a syndicate that includes Morgan Stanley, BofA, Citi and JPMorgan, trading expected to start under ticker SPCX on June 12, and Elon Musk retaining ~82% voting control.

2026$1.25B/month Anthropic Colossus 1 compute deal

On May 6, 2026 SpaceX and Anthropic announce a multi-year compute agreement under which Anthropic will use the full capacity of SpaceX's Memphis Colossus 1 data center - more than 220,000 NVIDIA GPUs and 300 MW - for $1.25B per month through May 2029. The deal is the first major external customer for SpaceX's post-xAI-merger AI hyperscaler business.

2026$30B Google Colossus 1 compute deal

An amended SpaceX S-1 disclosed June 5, 2026 reveals a multi-year cloud-services agreement with Alphabet's Google under which Google will pay $920M/month from October 2026 through June 2029 - about $30B in aggregate - for ~110,000 NVIDIA GPUs plus CPUs, memory, and related infrastructure routed through Memphis Colossus 1. With 90-day mutual termination rights after Dec. 31, 2026, the pact lifts SpaceX's disclosed AI-compute backlog above $70B alongside the May Anthropic deal, days before the Nasdaq SPCX debut.

2026Starlink crosses 12M active customers

On June 4, 2026 SpaceX announces Starlink has surpassed 12 million active customers across more than 160 countries and territories, with ~27,700 new customers added per day on average over the prior ~53 days. The constellation now exceeds 10,400 working satellites in orbit, and SpaceX uses the milestone to outline V3 satellite plans that target greater-than-100x available bandwidth at a lower 350 km operating altitude.

2026Falcon 9 booster sets 35-flight orbital reuse record

On June 8, 2026 - days after SpaceX's Nasdaq debut - Falcon 9 booster B1067 launched and landed for a record 35th time on the Starlink 10-35 mission from Cape Canaveral, the most flights ever by an orbital-class rocket stage. The milestone puts Falcon 9 within reach of the 39-flight reuse mark set by NASA's Space Shuttle orbiters, which SpaceX intends to surpass as it certifies boosters for up to 40 flights.

2026Up-to-$6.3B Reflection AI Colossus 2 compute deal

On June 22, 2026 SpaceX agreed a multi-year cloud-compute deal worth up to $6.3B under which open-source AI startup Reflection will rent capacity at SpaceX's Colossus 2 data center near Memphis, paying about $150M per month from July 1, 2026 through 2029 for access to NVIDIA GB300 chips. Reflection - focused on open-source models for government and national-security customers - joins Anthropic, Google and Cursor as a disclosed Colossus customer, deepening SpaceX's commercialization of its post-xAI-merger AI hyperscaler business.

2026Debut investment-grade bond sale priced at $25B

On June 22, 2026 - ten days after its record IPO - SpaceX launched its first-ever investment-grade bond offering, and on June 23 priced it at $25B of senior unsecured notes, upsized from an initial $20B target after demand topped roughly $89B. The five-tranche deal (coupons from 5.350% on notes due 2031 to 6.650% on notes due 2056) settled June 26 and largely refinances a $20B bridge loan taken on in March. Offering documents disclosed roughly $100.8B in cash and equivalents as of June 19, 2026 and investment-grade ratings from Moody's, Fitch and S&P; SPCX shares fell more than 10% on the day the sale launched and over 20% across five sessions as investors weighed the pace of capital raising.

2026FCC clears ~$17B EchoStar spectrum buy; Shotwell unveils Starlink Mobile carrier push

In May 2026 the FCC approved SpaceX's ~$17B acquisition of EchoStar spectrum (part of a broader ~$40B sale that also gave AT&T 50 MHz), handing SpaceX 65 MHz of exclusive-use, contiguous nationwide mid-band spectrum (AWS-4, AWS-3, H-Block in the 1.9–2.2 GHz range) - its first dedicated direct-to-device spectrum, with licenses fully transferring by ~November 2027. On June 26, 2026 President Gwynne Shotwell told IPO-roadshow investors SpaceX plans to take Starlink Mobile directly to US consumers and compete head-on with AT&T, Verizon, and T-Mobile, potentially building its own terrestrial network.

2026Starfall cargo reentry capsule debut

On June 23, 2026 SpaceX launched the debut flight of Starfall, a disk-shaped cargo reentry capsule, on a Falcon 9 from Space Launch Complex 40 at Cape Canaveral. About 3.1 meters in diameter and able to carry roughly 1,000 kg, the vehicle is designed to return research and orbital-manufacturing payloads - such as pharmaceuticals - to Earth, splashing down about 700 nautical miles off the U.S. West Coast. The mission marks SpaceX's entry into the commercial cargo-return market and is the first of at least two planned Starfall demonstrations.

2026SpaceX added to the Nasdaq-100 index

SpaceX joined the Nasdaq-100 index effective July 7, 2026 - only 15 trading days after its record June 12 IPO - under Nasdaq's new fast-track rule that admits mega-listings on their 15th trading day. The inclusion forces the more than $800B of funds tracking the index to buy SPCX, though its initial weighting starts small (an estimated 0.5%-0.7%) because less than 5% of its shares trade freely. It makes SpaceX one of the first launch companies in a major U.S. large-cap benchmark.

2026Starship Flight 13 aborted seconds before liftoff

On July 16, 2026 - SpaceX's first Starship launch attempt since its June Nasdaq debut - the Flight 13 countdown triggered an automatic abort when at least four of Super Heavy's 33 Raptor engines failed to ignite during the startup sequence. The flight, carrying the first 20 operational Starlink V3 satellites, was scrubbed at Starbase. Elon Musk said two Raptor engines would be removed and replaced 'to be confident of a good flight,' with the next attempt most likely early the following week.

2026Starship Flight 13 succeeds; first operational Starlink V3 deploy

On July 24, 2026 SpaceX flew Starship Flight 13 from Starbase, Texas, the second flight of the Version 3 vehicle and its cleanest mission to date. Super Heavy lit all 33 Raptor 3 engines at liftoff and made a controlled offshore splashdown, though only about five of its planned landing-burn engines relit and it came down faster than intended. The upper stage reached space, deployed the program's first 20 operational Starlink V3 satellites - SpaceX later confirmed contact with all 20 - and performed the program's softest ship splashdown yet in the Indian Ocean. Each V3 satellite is designed for roughly 1 Tbps of downlink, and a full 60-satellite Starship load can add about 60 Tbps, some 20 times a Falcon 9 batch of V2 Mini satellites.

2026$1.6B Space Force order for 18 Falcon 9 launches

On July 29, 2026 the U.S. Space Force awarded SpaceX two task orders worth $1.6B for 18 Falcon 9 launches carrying Space-Based Sensing and Targeting satellites - an orbital early-warning system for spotting airborne threats - from Vandenberg Space Force Base through the end of 2027. The award, issued under the National Security Space Launch Phase 3 Lane 1 program, pushes SpaceX's 2026 Space Force contract total above $8B.

2026Launches classified NROL-95 mission for the NRO

On July 30, 2026 a Falcon 9 launches the classified NROL-95 payload for the National Reconnaissance Office from Space Launch Complex 40 at Cape Canaveral, under the National Security Space Launch Phase 2 program. Booster B1096 flies its seventh mission and lands at Landing Zone 2; payload deployment coverage is withheld at the NRO's request.

2026Agrees to acquire Cursor-maker Anysphere for $60B

Four days after its Nasdaq debut, SpaceX confirmed on June 16, 2026 it will acquire Anysphere, the AI coding startup behind Cursor, in an all-stock deal valuing Anysphere at $60B - the largest acquisition of a venture-backed startup ever. SpaceX's wholly owned merger subsidiary X67 Inc. will absorb Anysphere, whose shareholders receive SpaceX Class A stock based on a seven-trading-day volume-weighted average price ahead of closing; the deal follows an April 2026 option giving SpaceX the choice between a $10B compute partnership or the full buyout, and is expected to close in Q3 2026 pending regulatory approval.

2026First earnings report as a public company

SpaceX posted its first quarterly results as a public company on August 4, 2026: Q2 2026 revenue of $7.8B, up 92% year over year and beating the roughly $6.7-6.8B consensus by nearly $1B, with a narrower-than-expected net loss of $541M ($0.09/share) versus a ~$0.26 consensus estimate. The company disclosed $47.5B in backlog, $100B of cash on hand, and $18.4B of capex for the quarter (including $15.83B on AI infrastructure). On the same call Musk committed SpaceX to building its future AI compute exclusively on Nvidia's Vera Rubin architecture, targeting 2 GW of installed compute online by the end of 2026 - up from 1.4 GW at quarter-end - en route to 10 GW by the end of 2027.

2026Record post-IPO lock-up expires

SpaceX's first post-IPO lock-up expired on August 6, 2026 as scheduled, freeing up to 911.5 million insider shares (worth roughly $116B) and more than doubling the public float to about 11.8% of shares outstanding from 4.9%. Despite the dilution, SPCX rose about 6.1% that day and went on to close back above its $135 IPO price on August 10, 2026 for the first time since mid-July.

2026Starlink tops 13M subscribers and 22M Starlink Mobile users

SpaceX publicly posted a Musk-hosted employee all-hands meeting on August 11, 2026 disclosing that Starlink had grown past 13 million consumer subscribers - up from 12M at the June 30 close of Q2 - and 22 million monthly Starlink Mobile (direct-to-cell) users. In the same address Musk pulled SpaceX's internal $1 trillion annual-revenue target forward to 2030.

2026Closes $60B Cursor (Anysphere) acquisition

SpaceX officially closed its all-stock acquisition of Anysphere, the AI coding startup behind Cursor, on August 15, 2026 - ahead of the late-August target set when the deal was agreed June 16, 2026. Cursor gains access to SpaceX's GPU fleet, including the Colossus supercomputer, to scale AI model training; the companies say they have already jointly trained Grok models using trillions of tokens of Cursor's coding data, extending SpaceX's AI-compute push that began with the February 2026 xAI merger.

2026100th mission of 2026 and 651st booster landing

SpaceX flew its 100th mission of 2026 on August 19 - a 24-satellite Starlink launch from Vandenberg that was also the year's 97th Falcon 9 flight - making it the third consecutive year SpaceX has topped 100 launches, reached about two months faster than in 2024. Booster B1097 landed on the droneship Of Course I Still Love You for the mission's cumulative 651st Falcon-family booster landing, five days after booster B1088 notched the 650th landing during a record 38.5-minute back-to-back Falcon 9 launch pair for Globalstar and a classified Space Force payload.

2026Last Florida Falcon 9 Starlink launch

SpaceX flew its final planned Falcon 9 Starlink mission from Florida on August 25, 2026, closing out roughly seven years and about 260 Starlink launches from Cape Canaveral's Pad 40 on that rocket. Going forward, all Florida Starlink launches will fly on Starship, with Falcon 9 Starlink missions continuing only from Vandenberg Space Force Base on the West Coast.

2026Announces $100B Starbase Louisiana spaceport

SpaceX announced on August 25, 2026 a $100 billion investment to build its fourth and largest launch site at Pecan Island in Vermilion Parish, Louisiana, on former Exxon land. The planned campus includes five launch complexes of two pads each plus propellant production, power generation, vehicle processing and employee housing, with 3,000 direct jobs at an average salary of about $92,600. Construction is expected to begin in 2027, with SpaceX targeting a first launch as soon as 2029; Louisiana Economic Development has said initial operations are expected around 2030. Under the local incentive agreement, SpaceX will pay Vermilion Parish $25 million annually for 25 years (plus a $20 million upfront payment) and is offering area residents a 50% discount on Starlink internet service.

2026Second lock-up tranche unlocks; SPCX dips below IPO price

SpaceX's second post-IPO lock-up tranche unlocked on August 20, 2026 - the Day-70 calendar release under the IPO lock-up agreement - freeing roughly 319 million additional shares. SPCX fell as much as ~6% intraday and closed below its $135 IPO price for the first time since the June debut, a sharper reaction than the much larger August 6 unlock (911.5M shares), which the stock had absorbed with a 6% gain.

2026Falcon 9 tops 100 launches for the year; B1067 sets 37th-flight reuse record

On August 25, 2026 SpaceX flew its 100th Falcon 9 mission of the year - Starlink 10-49 from Cape Canaveral - with booster B1067 (in service since June 2021) setting a new individual-booster reuse record on its 37th flight and landing, closing in on the Space Shuttle orbiter fleet's all-time reuse record of 39.

2026Flight 13 upper stage recovered intact; departs Christmas Island for Starbase

After 24 days battling rough seas in the Indian Ocean - and despite Elon Musk warning on August 7, 2026 that the odds were 'not looking good' - SpaceX recovery crews towed the intact Starship Flight 13 upper stage (Ship 40) to waters off Christmas Island, Australia by August 18, 2026, the first Starship upper stage ever recovered intact after a spaceflight. Engineers inspected the ship in place and collected heat-shield samples before loading it onto the semi-submersible transport vessel Forte, which departed Christmas Island on August 28, 2026 for the roughly 20,000 km voyage back to Starbase, Texas, expected to take several weeks.

2026Nvidia discloses $21B stake in SpaceX

A 13F filing made public August 14, 2026 shows Nvidia held about 122.8 million SpaceX Class A shares worth roughly $21B at the end of Q2 2026 - SpaceX's second-largest public equity holding for Nvidia, about 33% of its 13F portfolio. The stake traces to Nvidia's $10B investment in xAI as part of a $20B round in January 2026, converted into SpaceX shares when SpaceX absorbed xAI in February 2026 and then into public SPCX stock at the June IPO.

2026Golden Dome-related contracts tallied above $8B

Press reporting on August 20, 2026 tallied SpaceX's disclosed Golden Dome-related federal awards - the $4.16B SB-AMTI satellite contract and $2.29B Space Data Network Backbone contract from May 2026, plus the $1.6B Space-Based Sensing and Targeting Falcon 9 launch order from July 2026 - at more than $8B, above the roughly $6B SpaceX itself had confirmed on its August earnings call and representing at least a third of Golden Dome contracts issued to date.

2026Falcon Heavy launches NASA's Roman Space Telescope

On August 30, 2026 a Falcon Heavy lifted off from Launch Complex 39A at Kennedy Space Center carrying NASA's $4.3B Nancy Grace Roman Space Telescope toward the Sun-Earth L2 point - the rocket's 13th flight. Both side boosters landed back at Cape Canaveral (Landing Zone 2 and Landing Zone 40) while the center core was expended; Roman separated from the upper stage about 31 minutes after liftoff.

2026Super Heavy completes 33-engine static fire for Flight 14

On August 28, 2026 SpaceX fired all 33 Raptor engines on the Super Heavy booster assigned to Starship Flight 14 for a full-duration static fire at the Starbase, Texas launch pad, posting video of the test the same day. The booster run follows a six-engine static fire of Flight 14's Ship and is a key ground-test gate before Starship's first planned orbital-class flight, which is also expected to deploy next-generation Starlink V3 satellites.

2025Record 165 launches & Starlink Direct-to-Cell

SpaceX sets annual launch record with 165 Falcon missions. Starlink direct-to-cell SMS service goes live in the US and New Zealand via T-Mobile and One NZ. Starship completes 7 more test flights (Flights 7–11).

2025Secondary sale values SpaceX at about $800B

A secondary share sale values SpaceX at roughly $800B, underscoring the scale of its launch and Starlink businesses ahead of public-market preparations.

2024Starship booster catch & Polaris Dawn

Super Heavy booster caught by launch tower 'chopstick' arms (Flight 5). Polaris Dawn mission reaches 1,408 km altitude - highest crewed orbit since Apollo - and conducts first commercial EVA.

2023Starship test flights begin

Starship/Super Heavy conducts first integrated flight tests from Starbase, Texas.

2020Crew Dragon Demo-2

First crewed orbital mission by a private company, sending NASA astronauts to the ISS.

2015First booster landing

Falcon 9 first stage lands successfully after an orbital mission - a historic first.

2012Dragon docks with ISS

First commercial spacecraft to deliver cargo to the International Space Station.

2010Falcon 9 first flight

Successful maiden flight of the Falcon 9 launch vehicle.

2008Falcon 1 reaches orbit

First privately funded liquid-fueled rocket to reach Earth orbit.

2002Founded

Elon Musk founds SpaceX with the goal of reducing space transportation costs.

Funding

Cumulative disclosed raise · dated rounds

$50B$100B$150B200220072012201720222027$110B raised
RoundDateAmountInvestorsSource
Founding2002$100MElon Musk (personal investment)
Series A–G2005–2015$1.5BFounders Fund, DFJ, Google, Fidelity
Multiple rounds2019–2024$8.4B+Sequoia Capital, a16z, and others
IPO (Nasdaq: SPCX)2026~$75BPublic markets; Goldman Sachs-led syndicate (555.6M Class A shares at $135)
Debut investment-grade bonds2026$25B (senior unsecured notes; priced June 23, upsized from $20B on ~$89B orders)Public debt markets; Goldman Sachs-led syndicate (refinances March 2026 bridge loan)

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Firefly Aerospace

Rockets +2

Firefly Aerospace is a public space and defense company that launches the Alpha small-lift rocket, is co-developing the Eclipse medium-lift vehicle with Northrop Grumman, flies Blue Ghost lunar landers, and builds Elytra orbital vehicles for maneuvering, communications, imaging, and other cislunar services. After becoming the first commercial company to complete a fully successful Moon landing, Firefly expanded further into defense software and data systems through its SciTec acquisition, which won a U.S. Space Force Space-Based Interceptor OTA agreement in May 2026 and a $5.5M Air Force CBC2 data-fusion option in June 2026 as part of the Golden Dome architecture. Firefly doubled its Cedar Park campus to 144,000 sq ft to industrialize Blue Ghost and Elytra production, closed a 12M-share follow-on at $48/share on June 1, 2026, and - per June 23, 2026 Reuters reporting - is set to secure a ~$110M EXIM loan to fund further Texas production expansion. In July 2026 Firefly also won a $13M NASA JPL subcontract - the first out of its new Gloworks innovation lab - to build the aeroshell for NASA's SkyFall Mars helicopter mission, extending it into planetary entry-descent-and-landing hardware. On August 11, 2026 Firefly reported record Q2 2026 revenue of $117.7M (up 659% YoY, its first quarter above $100M) and ~$1.5B backlog, reaffirmed full-year guidance of $420M-$450M, and said the first full Alpha Block II flight (Flight 8) has slipped from a late-summer target to Q4 2026. The same day SciTec won a $93.7M Space Force contract to digitize ground-based radar systems and Firefly extended its Lockheed Martin multi-launch deal to up to 25 Alpha missions through 2031; CEO Jason Kim said in late August that Alpha production is at an all-time high even as launch cadence continues to lag sustained, industry-wide demand for launch capacity.

Rocket Lab logo

Rocket Lab

Rockets +2

Rocket Lab is an end-to-end space company spanning launch, hypersonic test launch, spacecraft, payloads, satellite components, laser optical communications, and space robotics, with total headcount reaching 3,217 by the end of Q2 2026 after the Mynaric and Motiv acquisitions. Electron remains the second most frequently launched U.S. rocket - Rocket Lab reached 94 missions with the September 2, 2026 'Owl Around the World' Synspective StriX launch, following the August 21 'Lightning God Defends' iQPS flight, putting it on track for a record year and its 100th launch - and Rocket Lab is developing the medium-lift Neutron rocket for constellation, national-security, and exploration missions; first launch is still guided to Q4 2026, though CEO Peter Beck told analysts on the August 10 earnings call that the end-of-year window is narrowing and a slip into 2027 is a real possibility. The company posted record Q1 2026 revenue of $200.3M and record Q2 2026 revenue of $234M (+62% YoY), guiding to $250M-$265M in Q3 2026 revenue, and completed the $155.3M Mynaric and the Motiv Space Systems acquisitions in April and May 2026 to add laser comms, a European footprint, and Mars-proven robotics in-house. On May 27, 2026 Rocket Lab cleared the System Requirements Review for the Space Development Agency's $816M Tracking Layer Tranche 3 missile-defense constellation, taking total SDA awards above $1.3B, and on June 22, 2026 the company joined the Nasdaq-100 Index. On June 29, 2026 Rocket Lab announced its largest-ever deal - an agreement to acquire satellite-communications operator Iridium Communications for about $8B in cash and stock ($54.00/share, roughly half cash and half Rocket Lab stock), adding an operational 66-satellite L-band constellation, ~2.55M subscribers, $871M of 2025 revenue, and globally harmonized spectrum; the deal has since cleared U.S. antitrust review, Rocket Lab filed a Form S-4 registration statement and a $1.94B at-the-market equity program to help fund the cash portion and reduce its $3.6B bridge loan, and Iridium stockholders are set to vote at a September 24, 2026 special meeting, with closing still expected in mid-2027. On July 27, 2026 Rocket Lab won a $266M U.S. Space Force RSLP contract for 12 (plus an option for six more) HASTE suborbital missile-defense launches through 2028, opening a fourth launch pad at Kodiak, Alaska, and on August 4, 2026 the U.S. Space Force awarded Rocket Lab a $397M contract under the Space-Based Airborne Moving Target Indicator program to build, launch on the still-unflown Neutron rocket, and operate 'Flatellite' tracking satellites. Rocket Lab also added a second GEO satellite production award (Viasat's PTS-G program, August 17), was onboarded to the Space Force's $981M-ceiling NITE-STAR space test infrastructure IDIQ (August 17), and was selected for the Space Force's Space Data Network Consortium with $12M in initial delivery orders (August 18). On August 10, 2026 Rocket Lab reported record Q2 backlog of $2.36B and unveiled GHOST, a containerized Deployable Launch System giving Electron and HASTE launch-anywhere responsive capability, with its first site standing up at Kodiak, Alaska.

Varda Space Industries logo

Varda Space Industries

Orbital Economy +2

Varda Space Industries manufactures materials in orbit and brings them back to Earth, a business no company had ever run commercially before it. Founded in 2021 by former SpaceX Dragon engineer Will Bruey and Founders Fund partner Delian Asparouhov, it builds the W-Series: free-flying spacecraft that process pharmaceuticals in microgravity and then return the product inside a capsule that reenters at over 18,000 mph and lands under parachute, usually at the Koonibba Test Range in South Australia. The commercial logic is that microgravity produces crystal structures and morphologies that gravity makes impossible on the ground, and Varda proved it on its first flight by growing and recovering the metastable Form III of ritonavir, an HIV antiviral. Six missions have flown since 2023, and five of the six capsules made it home; the fourth, W-4, spent nearly a year on orbit while Varda evaluated a propellant-feed problem before closing out the mission with a disposal burn in May 2026 rather than a recovery. W-5 returned in January 2026 as the first full mission on Varda's own vertically integrated satellite bus, carrying a U.S. Navy payload, and W-6 returned in May 2026 flying thermal-protection and autonomous-navigation experiments for NASA and defense customers under the AFRL's Prometheus program. That second business, selling the capsule as a cheap, high-cadence hypersonic reentry testbed, now runs alongside the pharmaceutical work, and in October 2025 Varda added a third line, agreeing with United Semiconductors to grow semiconductor crystals in microgravity for autonomous-systems, sensing, AI, and defense customers. In May 2026 United Therapeutics signed on to develop microgravity formulations for rare pulmonary disease, the first time a publicly traded pharmaceutical company has spent its own capital on commercial drug manufacturing in space, and Varda leased a former Mattel manufacturing plant in El Segundo in early 2026 to scale spacecraft production to match.

Boeing logo

Boeing

Rockets +1

Boeing is one of the world's largest aerospace companies, spanning commercial airplanes, defense and space systems, and aftermarket services. The 2026 turnaround gathered pace through the first half of the year: 314 commercial deliveries in H1 2026 (its best first half since 2018), a Q2 net loss of $428M on $24.6B of revenue that nonetheless produced the company's first positive free cash flow quarter (+$631M) in over a year, and a record total backlog of $715B including more than 6,200 commercial aircraft. The 737 MAX line reached rate 47 per month in May 2026 and gained a fourth final-assembly line - the Everett 'North Line' - in July, with rate 52 targeted for early 2027. At the Farnborough Airshow (July 20-24, 2026) Boeing booked 170+ aircraft led by SMBC's 100-jet 737 MAX order, while the long-delayed 777X neared its certification finish line even as Emirates declined to accept the first 10-11 early-build 777-9s over their age and GE Aerospace temporarily paused GE9X engine shipments pending a durability fix. The FAA certified the 737 MAX 7 on August 3, 2026, clearing the smallest MAX variant after nearly a decade of review, and on August 10 Boeing agreed to sell its Wisk Aero, Insitu, and SkyGrid subsidiaries to Archer Aviation for a near-20% equity stake. July's delivery pace cooled to 53 aircraft (down 17% from June and now trailing Airbus by 51 aircraft year-to-date, 367 vs 418), and on August 21 Boeing's roughly 17,000 SPEEA-represented engineers and technicians rejected the tentative contract their own bargaining councils declined to endorse (64.3% and 71.9% against, respectively) and authorized a strike if no new deal is reached before the current contracts expire October 6. Boeing shares fell about 7.5% on the news, cutting market cap to roughly $170B (from ~$183B in mid-August). On August 26 the FAA finalized an airworthiness directive requiring inspections of certain 787 Dreamliners over shim gaps at lower side-of-body splice plates. Boeing remains one of the two central global commercial-jet manufacturers alongside Airbus, with its trajectory now hinging on sustaining the 737 ramp without reintroducing defects, closing out 737 MAX 10 certification, avoiding an engineers' strike, and steering the 777X's remaining ETOPS testing toward 2027 certification.