Space Exploration Technologies Corp. Class A Common Stock (SPCX) - Net Assets
Based on the latest financial reports, Space Exploration Technologies Corp. Class A Common Stock (SPCX) has net assets worth $127.22 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($192.77 Billion) and total liabilities ($65.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See debt-free asset ratio of Space Exploration Technologies Corp. Cla to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $127.22 Billion |
| % of Total Assets | 66.0% |
| Annual Growth Rate | 60.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Space Exploration Technologies Corp. Class A Common Stock - Net Assets Trend (2024–2025)
This chart illustrates how Space Exploration Technologies Corp. Class A Common Stock's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Space Exploration Technologies Corp. Cla (SPCX) total market value.
Annual Net Assets for Space Exploration Technologies Corp. Class A Common Stock (2024–2025)
The table below shows the annual net assets of Space Exploration Technologies Corp. Class A Common Stock from 2024 to 2025. Also explore Space Exploration Technologies Corp. Cla annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $41.33 Billion | +60.15% |
| 2024-12-31 | $25.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Space Exploration Technologies Corp. Class A Common Stock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 493700000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.00 Million | 0.01% |
| Other Comprehensive Income | $1.90 Billion | 4.59% |
| Other Components | $76.46 Billion | 185.02% |
| Total Equity | $41.33 Billion | 100.00% |
Space Exploration Technologies Corp. Class A Common Stock Competitors by Market Cap
The table below lists competitors of Space Exploration Technologies Corp. Class A Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SK Hynix Inc. American Depositary Shares
NASDAQ:SKHY
|
$1.25 Trillion |
|
Tesla Inc
NASDAQ:TSLA
|
$1.31 Trillion |
|
Meta Platforms Inc.
SA:M1TA34
|
$1.41 Trillion |
|
Meta Platforms Inc.
NASDAQ:META
|
$1.47 Trillion |
|
Walmart Inc
SA:WALM34
|
$1.03 Trillion |
|
Eli Lilly and Company
NYSE:LLY
|
$1.02 Trillion |
|
Samsung Electronics Co Ltd
KO:005930
|
$991.66 Billion |
|
JPMorgan Chase & Co
NYSE:JPM
|
$930.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Space Exploration Technologies Corp. Class A Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,804,000,000 to 41,325,000,000, a change of 15,521,000,000 (60.1%).
- Net loss of 4,937,000,000 reduced equity.
- Share repurchases of 1,125,000,000 reduced equity.
- New share issuances of 18,807,000,000 increased equity.
- Other comprehensive income increased equity by 1,898,000,000.
- Other factors increased equity by 878,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.94 Billion | -11.95% |
| Share Repurchases | $1.12 Billion | -2.72% |
| Share Issuances | $18.81 Billion | +45.51% |
| Other Comprehensive Income | $1.90 Billion | +4.59% |
| Other Changes | $878.00 Million | +2.12% |
| Total Change | $- | 60.15% |
Book Value vs Market Value Analysis
This analysis compares Space Exploration Technologies Corp. Class A Common Stock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10.52x to 7.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2024-12-31 | $14.09 | $148.15 | x |
| 2025-12-31 | $21.15 | $148.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Space Exploration Technologies Corp. Class A Common Stock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.44%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.23x
- Recent ROE (-11.95%) is below the historical average (-4.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2024 | 3.07% | 5.64% | 0.25x | 2.21x | $-1.79 Billion |
| 2025 | -11.95% | -26.44% | 0.20x | 2.23x | $-9.07 Billion |
Industry Comparison
This section compares Space Exploration Technologies Corp. Class A Common Stock's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $443,473,067
- Average return on equity (ROE) among peers: 230.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Space Exploration Technologies Corp. Class A Common Stock (SPCX) | $127.22 Billion | 3.07% | 0.52x | $1.14 Trillion |
| Archer Aviation Inc (ACHR) | $4.97 Million | -18.99% | 1.05x | $4.24 Billion |
| AAR Corp (AIR) | $193.80 Million | 7.64% | 0.96x | $4.83 Billion |
| Air Industries Group (AIRI) | $5.60 Million | -295.31% | 6.02x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $198.80 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $4.43 Billion |
| Astronics Corporation (ATRO) | $7.30 Million | 10.96% | 1.49x | $2.26 Billion |
| AeroVironment Inc (AVAV) | $5.36 Million | 10.09% | 1.68x | $7.76 Billion |
| AEVEX Corp. (AVEX) | $164.27 Million | 47.82% | 2.39x | $918.21 Million |
| Axon Enterprise Inc. (AXON) | $117.56 Million | -3.73% | 0.16x | $39.82 Billion |
| The Boeing Company (BA) | $410.00 Million | 2551.22% | 285.24x | $165.76 Billion |
About Space Exploration Technologies Corp. Class A Common Stock
Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. It operates through three operating segments: Space, Connectivity, and AI. The Space segment designs, manufactures, and launches reusable rockets to provide access to space. It also provides launch services for the deployment of payloads to intended orbits f… Read more