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Space Exploration Technologies Corp. has disclosed that a group of investment entities associated with Founders Fund and Peter Thiel collectively beneficially owned 427,306,025 shares of its Class A common stock as of June 30, 2026. This stake represents 5.5% of the outstanding Class A shares, based on 7,696,293,669 shares outstanding as of July 28, 2026.
The holdings are spread across multiple Delaware limited partnerships and LLCs, including various Founders Fund vehicles, Lembas II, 2025-005 Investments LLC, I’ll Be Seeing You LLC, and Barrel Vault LLC. Peter Thiel is reported to have 17,446,745 shares under sole voting and dispositive power and 409,859,280 shares under shared voting and dispositive power through his roles with these entities. The reporting persons note they are under common control but expressly disclaim being a “group” for Section 13 purposes.
Alphabet Inc., XXVI Holdings Inc., and Google LLC report beneficial ownership of Class A common stock of Space Exploration Technologies Corp. Alphabet, through its subsidiary structure, is associated with 551,189,500 shares held directly by Google LLC. Based on 7,696,293,669 Class A shares outstanding as of July 28, 2026, this represents 7.2% of the class. The reporting entities have shared voting and dispositive power over these shares and no sole voting or dispositive power.
Space Exploration Technologies Corp. completed the previously announced all-stock acquisition of Anysphere, Inc. (Cursor) via a merger of its wholly owned subsidiary X67 Inc. into Cursor, which now operates as a wholly owned subsidiary.
At the August 14, 2026 effective time, outstanding Cursor common and preferred shares were converted into the right to receive an aggregate of 389,289,254 shares of SpaceX Class A common stock, based on an implied Cursor equity value of $60.0 billion and a price per SpaceX share equal to the volume-weighted average closing price over the seven trading days before closing. Vested Cursor restricted stock units were converted into the right to receive an aggregate of 1,752,426 additional Class A shares before tax withholdings. Unvested Cursor RSUs and options were assumed and converted into approximately 29,128,326 SpaceX RSUs and approximately 44,365,047 stock options. The share issuance was conducted as an unregistered offering relying on Section 4(a)(2) of the Securities Act as a transaction not involving any public offering.
Space Exploration Technologies Corp. reports that Elon R. Musk beneficially owns 6,418,547,515 shares of Class A common stock on an as-converted basis, representing 48.4% of that class. This total includes Class A shares, multiple categories of Class B shares, and options that are exercisable within 60 days of June 30, 2026.
The holding comprises 849,494,440 Class A shares held by trusts, 3,916,980,790 Class B shares held by trusts, 1,302,072,285 restricted Class B shares issued to Elon Musk, and 350,000,000 Class B options. Each Class B share is convertible into one Class A share and generally carries 10 votes per share, versus 1 vote for each Class A share, giving Musk 6,418,547,515 shares with sole voting and dispositive power.
Space Exploration Technologies Corp. investor Antonio J. Gracias reported beneficial ownership of 503,414,530 shares of Class A common stock, representing 6.5% of the class. This percentage is based on 7,696,293,669 Class A shares outstanding as of July 28, 2026, as reported by the issuer.
All voting and dispositive power over these shares is reported as shared, with 0 shares under sole voting or dispositive power and 503,414,530 shares under shared voting and shared dispositive power. The position is held through multiple investment vehicles collectively referred to as the Valor Entities, with no single entity holding 5% or more individually; Gracias may be deemed to share beneficial ownership due to his roles with these entities.
Space Exploration Technologies Corp. reported Q2 2026 revenue of $7,814 million and a net loss of $541 million, improving from a $1,008 million loss a year earlier. For the first half of 2026, revenue rose to $12,508 million from $8,138 million, while the net loss increased to $4,817 million as spending on research, development and financing costs expanded.
Connectivity generated $4,291 million of Q2 revenue and $1,656 million of segment operating income, while the Space and AI segments recorded operating losses. After a June 2026 IPO that raised net proceeds of $85,675 million at $135.00 per share, cash and cash equivalents increased to $93,522 million and total assets to $192,770 million. The company issued $25,000 million of senior unsecured SpaceX Notes and ended the period with total debt of $38,433 million and finance lease liabilities of $1,079 million.
Capital expenditures reached $28,476 million in the first half, focused on AI infrastructure, satellites, and facilities; backlog totaled $47,461 million, including $14,286 million of deferred revenue. The company held 18,712 units of Bitcoin with a fair value of $1,098 million and recorded a $354 million accrual for litigation matters assessed as probable and reasonably estimable.
Space Exploration Technologies Corp. reported strong Q2 2026 growth. Revenue was $7,814 million, up 92% from $4,071 million, while net loss narrowed to $541 million from $1,008 million. Adjusted EBITDA rose to $3,538 million from $1,214 million. Space segment revenue was $962 million with a $542 million operating loss; Connectivity generated $4,291 million of revenue and $1,656 million of operating income; AI delivered $2,561 million of revenue and a $1,257 million operating loss but positive Adjusted EBITDA of $1,146 million.
Connectivity performance was driven by Starlink, which reached 12.0 million subscribers at quarter end, doubling year-over-year, with ARPU of $66. The company entered Cloud Services Agreements totaling $14.1 billion in contracted AI sales, expanded nameplate compute to 1.4 GW, and was awarded over $6 billion in multi-year U.S. government contracts for Starshield.
Liquidity increased significantly following capital markets transactions. SpaceX ended the quarter with $100 billion of cash, cash equivalents and marketable securities and a backlog of $47.5 billion. It closed an IPO of 638,888,888 Class A shares, yielding approximately $85.7 billion in net proceeds, and issued $25 billion of investment-grade senior notes with a weighted-average interest rate of 5.855% to fund long-term growth initiatives.
Space Exploration Technologies Corp. reported a major debt financing, issuing multiple series of senior unsecured notes to institutional investors. The company sold $7.0 billion of 5.350% Senior Notes due 2031, $6.0 billion of 5.650% notes due 2033, $6.0 billion of 5.875% notes due 2036, $2.5 billion of 6.600% notes due 2046, and $3.5 billion of 6.650% notes due 2056. The notes are unsecured and rank equally with the company’s other unsubordinated obligations, with interest payable semi-annually starting January 15, 2027. SpaceX also agreed to a registration rights arrangement to later exchange these notes for registered securities with substantially identical economic terms.
Space Exploration Technologies Corp. (SpaceX) has priced a $25 billion inaugural bond issuance, consisting of senior unsecured notes in five tranches. These include $7.0 billion of 5.350% notes due 2031, $6.0 billion of 5.650% notes due 2033, $6.0 billion of 5.875% notes due 2036, $2.5 billion of 6.600% notes due 2046, and $3.5 billion of 6.650% notes due 2056. The notes rank equally with SpaceX’s other unsubordinated obligations and the offering is expected to settle on June 26, 2026, subject to customary closing conditions. SpaceX plans to use the net proceeds to repay in full its outstanding bridge loan facility, cover related fees and expenses, and apply any remaining funds to general corporate purposes.
Space Exploration Technologies Corp. updated investors that it held approximately $100.8 billion in cash and cash equivalents as of June 19, 2026, in connection with a planned bond sale. The company has commenced its inaugural offering of senior unsecured notes in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, with pricing and terms subject to market conditions. SpaceX plans to use the net proceeds to repay its bridge loan facility in full, cover related fees and expenses, and apply any remainder to general corporate purposes.