SPCX · SpaceX
12 filings
SPCX SEC Filings
SpaceX - 12 total filings
SPCX filed 0 annual reports (10-K), 2 quarterly reports (10-Q) and 10 current reports (8-K) between 2026 and 2026.
SpaceX 8-K Report, Corporate Update (Oct 26, 2026)
Space Exploration Technologies Corp. (SPCX) announced on October 26, 2026, that it has entered into a binding commitment letter to secure a significant financing lease for essential equipment. The company plans to enter into a master finance lease with an entity managed by Apollo Global Management, Inc. to acquire graphics processing unit (GPU) pods and related equipment. This equipment is critical for SPCX's data center operations and is expected to be delivered in stages over several years. The total principal amount anticipated under this lease agreement is approximately $40 billion, with individual lease schedules lasting between five and five and a quarter years. Rent payments will be made quarterly in advance. The company anticipates that the closing of this transaction will occur before the end of 2026, with the lease schedules commencing in the first half of 2027 upon GPU delivery. This substantial equipment financing underscores SPCX's aggressive growth strategy and its commitment to scaling its data center infrastructure to meet future demands.
SpaceX Quarterly Report for Q3 Ended Sep 30, 2026
Space Exploration Technologies Corp. (SpaceX) has reported a strong financial performance for the nine months ended September 30, 2026, driven by significant revenue growth across all its segments, particularly SI and Connectivity. The company's total revenue more than doubled year-over-year, reaching $27.1 billion. This growth is attributed to the successful integration of Cursor, expansion of Starlink services, and robust performance in SI solutions and infrastructure. Despite substantial investments in R&D, especially for Starship development and SI infrastructure, SpaceX has demonstrated improved profitability. The company shifted from a net loss of $2.6 billion in the prior year period to a net loss of $413 million for the nine months ended September 30, 2026, with a particularly strong quarter showing a net income of $4.4 billion. This improvement is bolstered by significant cash flow from operations and strategic financing activities, including a substantial IPO and the issuance of new notes, which has bolstered its cash position to over $53 billion.
SpaceX 8-K Report, Financial Results (Oct 20, 2026)
Space Exploration Technologies Corp. (SPCX) has reported a highly successful third quarter for 2026, demonstrating robust financial performance and significant operational advancements across its key business segments. The company achieved a remarkable revenue of $14.6 billion, a substantial 161% increase year-over-year, propelled by the exceptional growth of its Super Intelligence (SI) segment and continued acceleration in its Connectivity business. Profitability also saw a dramatic improvement, with income from operations reaching $2.8 billion and net income soaring to $4.4 billion, a stark turnaround from a net loss in the prior year. Adjusted EBITDA surged by 306% to $8.8 billion, underscoring strong operational leverage. Key operational milestones include the successful launch of the first revenue-generating Starship mission, delivering a significant number of Starlink V3 satellites, and a substantial expansion in nameplate compute capacity. These results indicate strong execution and increasing market traction for SpaceX's integrated offerings.
SpaceX 8-K Report, Acquisition Completed (Aug 14, 2026)
Space Exploration Technologies Corp. (SPCX) has officially completed its acquisition of Anysphere, Inc. (Cursor) through a merger that became effective on August 14, 2026. This strategic move significantly expands SPCX's footprint, with Cursor now operating as a wholly-owned subsidiary. The acquisition was executed via a subsidiary merger, integrating Cursor's operations seamlessly into SPCX's structure. Investors should note the substantial share issuance as consideration for the acquisition. SPCX has issued approximately 389.3 million shares of its Class A common stock, valued at an implied equity of $60.0 billion, along with an additional 1.75 million shares for vested restricted stock units. Furthermore, unvested equity awards from Cursor, including RSUs and stock options, have been assumed by SPCX, totaling approximately 29.1 million RSUs and 44.4 million stock options. This transaction was completed under the exemption provided by Section 4(a)(2) of the Securities Act of 1933, indicating it was not a public offering.
SpaceX Quarterly Report for Q2 Ended Jun 30, 2026
Space Exploration Technologies Corp. (SPCX) reported significant growth in its Q2 2026 results, driven by a substantial increase in revenue across all three segments: Space, Connectivity, and AI. The company successfully completed its Initial Public Offering (IPO) in June 2026, raising approximately $85.7 billion in net proceeds. This capital infusion, along with a $25 billion issuance of SpaceX Notes, has significantly bolstered the company's cash position to over $93 billion. Despite this strong revenue growth, the company continued to experience a net loss, which widened in the first six months of the year primarily due to increased investments in research and development, particularly in its AI segment's infrastructure, and significant interest expenses related to its debt. The Connectivity segment showed robust performance with a 101.2% increase in Starlink subscribers, although Average Revenue Per User (ARPU) saw a decline due to international expansion and the introduction of lower-priced plans. The AI segment experienced explosive revenue growth (247.5% quarter-over-quarter), largely driven by new AI infrastructure contracts and cloud services. However, this growth is accompanied by substantial R&D investments, contributing to the segment's operating loss. The Space segment saw a notable increase in revenue driven by a favorable customer mix and an additional launch, despite a slight overall revenue dip in the first six months due to fewer customer launches. The company's balance sheet reflects substantial growth in assets, largely fueled by IPO proceeds and increased debt, while also showing a significant increase in liabilities.
SpaceX 8-K Report, Financial Results (Aug 4, 2026)
SpaceX (SPCX) reported second-quarter 2026 revenue of $7.8 billion, up 92% year-over-year from $4.1 billion and up 66% sequentially. Net loss narrowed to $541 million from $1.0 billion a year earlier, and Adjusted EBITDA rose 191% to $3.5 billion. Growth was led by the AI segment, which generated $2.6 billion of revenue, largely from new Cloud Services Agreements, and by Connectivity, where Starlink subscribers doubled to 12.0 million. The Space segment still posted an operating loss of $542 million as Starship R&D spending rose sharply. The balance sheet changed substantially during the quarter. Following the June 2026 IPO (net proceeds of about $85.7 billion) and a $25 billion inaugural investment-grade bond, the company held roughly $100 billion in cash, cash equivalents, and marketable securities at June 30, 2026. Capital expenditures surged to $18.4 billion in the quarter, $15.8 billion of it in AI, as the company accelerated compute build-out (nameplate capacity of 1.4 GW). Total debt and finance leases rose to about $39.4 billion, including $13.3 billion of related-party debt. Backlog stood at $47.5 billion, and contracted sales from new Cloud Services Agreements reached $14.1 billion. Investors should weigh the strong top-line momentum against several factors. GAAP results remain loss-making: the six-month net loss was $4.8 billion, and operating losses in Space and AI are substantial. Adjusted EBITDA is a non-GAAP measure that excludes large depreciation and share-based compensation charges, which are rising quickly. The planned $60 billion Cursor acquisition, expected to close in Q3 2026, and the company's capital intensity will be key items to monitor. Starlink ARPU declined to $66 from $85 a year earlier, reflecting a mix shift toward lower-priced subscribers.
SpaceX 8-K Report, Corporate Update (Jun 26, 2026)
Space Exploration Technologies Corp. (SPCX) has announced the successful completion of a significant notes offering, raising a total of $23.5 billion in aggregate principal amount across five series of senior unsecured notes. These notes mature between 2031 and 2056, carrying interest rates ranging from 5.350% to 6.650%. The offering was conducted to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S., indicating substantial institutional demand for SPCX's debt. The proceeds from this substantial debt issuance will likely be utilized to fund ongoing ambitious projects, capital expenditures, and general corporate purposes. The company has also entered into a registration rights agreement, committing to register these notes for resale, which suggests a potential future liquidity event for the initial purchasers and a move towards greater market availability of these securities.
SpaceX 8-K Report, Corporate Update (Jun 23, 2026)
Space Exploration Technologies Corp. (SPCX) priced its inaugural senior unsecured bond offering on June 23, 2026, raising $25.0 billion across five tranches maturing in 2031, 2033, 2036, 2046, and 2056. The notes carry coupons from 5.350% to 6.650%, and the weighted average coupon works out to roughly 5.86%. The offering is expected to settle June 26, 2026, subject to customary closing conditions. The notes rank equally in right of payment with all of the company's existing and future unsubordinated debt. The primary use of proceeds is to repay the company's bridge loan facility in full, along with related fees and expenses. Any remaining amount is earmarked for general corporate purposes. Refinancing a bridge loan with long-dated fixed-rate debt replaces short-term, likely floating-rate or more expensive financing with a longer maturity profile, which reduces refinancing risk. The filing does not disclose the size of the bridge facility, the amount of residual proceeds, the company's total debt or leverage, or its cash position, so investors cannot yet gauge how much of the $25.0 billion is absorbed by the bridge repayment versus retained. The offering was marketed under Rule 144A and Regulation S, so the notes are not registered under the Securities Act. The filing references the company's Form S-1 filed May 20, 2026 (File No. 333-296070), as amended, for risk factors and MD&A. Investors should review that prospectus for the full financial picture, since the 8-K itself contains no financial statements.
SpaceX 8-K Report, Regulation FD Disclosure (Jun 22, 2026)
Space Exploration Technologies Corp. (Nasdaq: SPCX, "SpaceX") filed this 8-K on June 22, 2026 to announce the launch of its inaugural bond offering: senior unsecured notes sold under Rule 144A to qualified institutional buyers and under Regulation S to non-U.S. persons. The notes will rank equally in right of payment with all of the company's existing and future unsubordinated debt. Pricing, size, coupon, and maturity were not disclosed in the filing, and the offering is subject to market conditions. The company says it will use net proceeds to fully repay outstanding borrowings under its bridge loan facility, pay related fees and expenses, and put any remainder toward general corporate purposes. The refinancing would convert short-term bridge debt into longer-dated unsecured bonds, which is a common step for a large issuer after a major capital raise. The filing also contains a Regulation FD disclosure that the company gave prospective investors updated information showing approximately $100.8 billion in cash and cash equivalents as of June 19, 2026. The company explicitly cautions that its balance as of June 30, 2026 may differ materially and that investors should not place undue reliance on the figure. Because the number is a point-in-time, unaudited figure from mid-June, it should be treated as indicative only. The 8-K references a Form S-1 filed May 20, 2026 (File No. 333-296070, as amended) for risk factors and MD&A, so investors should review that registration statement for the full risk and financial picture. For investors, the key takeaways are the scale of the liquidity position, the shift from bridge financing to term unsecured debt, and the fact that the filing itself contains few hard financial terms. Investors should watch for the pricing supplement or subsequent 8-K/press release that discloses coupon, maturity, size, and final use of proceeds before drawing conclusions about the cost and structure of the new debt.
SpaceX 8-K Report, Executive Changes (Jun 17, 2026)
Space Exploration Technologies Corp. (SPCX) has announced a significant addition to its Board of Directors and Audit Committee with the appointment of Roelof Botha, effective June 16, 2026. Mr. Botha brings a wealth of experience from his long tenure at Sequoia Capital, including substantial financial, investment, and managerial expertise. His prior roles, including CFO at PayPal and his current position on the Stanford University Board of Trustees, underscore his deep understanding of corporate governance and financial operations, which is highly relevant for a rapidly growing public company like SPCX. This appointment is particularly noteworthy given Mr. Botha's extensive public company board and audit committee experience, which directly addresses the need for seasoned oversight as SPCX continues its trajectory. Investors should view this as a positive development, signaling a commitment to strengthening financial oversight and strategic guidance. While there are no reportable transactions with Mr. Botha under Item 404(a), the filing notes a family member's employment since January 2025, with compensation commensurate with industry peers and not exceeding the reporting threshold for related party transactions beyond the initial disclosure. Notably, SPCX's non-employee directors currently do not receive cash or equity compensation, a factor that may be of interest to investors evaluating director incentives.
SpaceX 8-K Report, Material Agreement (Jun 16, 2026)
Space Exploration Technologies Corp. (SPCX) announced a significant strategic move with the signing of an Agreement and Plan of Merger to acquire Anysphere, Inc. (Cursor) in a transaction valued at an implied equity value of $60.0 billion. This acquisition will be structured as a merger, with Cursor surviving as a wholly owned subsidiary of SpaceX. The consideration for the acquisition will be paid in SpaceX's Class A common stock, with the exact number of shares to be determined based on Cursor's equity value and a seven-day volume-weighted average closing price of SpaceX's stock leading up to the transaction's completion. This merger represents a substantial expansion of SpaceX's business, potentially integrating Cursor's operations or technology to further its ambitions in space exploration and related industries. Investors should note that the transaction is subject to customary closing conditions, including regulatory approvals, and is currently anticipated to close in the third quarter of 2026. The equity issuance to Cursor will be made under an exemption for unregistered sales of securities, relying on Section 4(a)(2) of the Securities Act of 1933.
SpaceX 8-K Report, Unregistered Securities Sale (Jun 15, 2026)
Space Exploration Technologies Corp. (SPCX) has filed an 8-K reporting the completion of its Initial Public Offering (IPO) on June 15, 2026. The IPO successfully offered 638,888,888 shares of Class A Common Stock at $135.00 per share, including the full exercise of the underwriters' option to purchase additional shares. This marks a significant transition for the company as it moves from private to public status, providing substantial capital for future growth initiatives. The filing also details the conversion of approximately 103 million shares of Series Preferred Stock into Class A and Class B Common Stock immediately prior to the IPO's effectiveness. Additionally, SPCX has adopted an Amended and Restated 2024 Equity Incentive Plan and a Second Amended and Restated 2017 Employee Stock Purchase Plan, making a significant number of shares available for future employee compensation and equity participation. These actions are crucial for attracting and retaining talent as the company scales its operations. Investors should note the company's stated intention to use IPO proceeds for expanding AI compute infrastructure, launch capabilities, satellite constellations, and general corporate purposes.