Here are the 10-Q quarterly reports from SpaceX (SPCX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPCX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPCX filings page.
Space Exploration Technologies Corp. (SPCX) reported third-quarter 2026 revenue of $14.575 billion, compared with $5.576 billion a year earlier, and net income of $4.404 billion versus a $1.054 billion loss. For the first nine months, revenue was $27.083 billion and net loss was $413 million, compared with a $2.590 billion loss a year earlier. Third-quarter revenue included $7.560 billion from SI, $5.248 billion from Connectivity and $1.767 billion from Space.
Operating cash flow was $13.097 billion in the first nine months, alongside $48.069 billion of capital expenditures; cash and cash equivalents were $51.294 billion at September 30, 2026. Backlog was $62.959 billion at September 30, with approximately 67% expected to be recognized within one year and approximately 27% between one and three years. SPCX completed its Cursor merger on August 14, 2026, with total aggregate purchase consideration of $42.474 billion; Cursor contributed $608 million of revenue from closing through September 30. Customer B accounted for 34.5% of third-quarter consolidated revenue.
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.