SPACE EXPLORATION TECHNOLOGIES CORP (SPCX)

SpaceX, founded in 2002, describes itself as a vertically integrated company building hardware and software infrastructure across space, connectivity, and artificial intelligence. Its stated mission is to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars. The company designs, manufactures, launches, and operates rockets, spacecraft, satellites, and AI systems. It acquired xAI, founded in 2023, in early 2026. It says it has launched more than 80% of the world's mass to orbit each year since 2023, with a mission success rate above 99% on Falcon rockets.

The business is reported in three segments. The Space segment covers Falcon 9 and Falcon Heavy launches, the Dragon spacecraft for human and cargo missions, and development of Starship, a next-generation fully and rapidly reusable launch vehicle. The company had completed about 650 orbital launches as of March 31, 2026, and says it is the only private company certified by NASA to send human missions to orbit. The Connectivity segment, driven mainly by Starlink, operates about 9,600 broadband and mobile satellites in Low-Earth Orbit. It serves about 10.3 million subscribers across 164 countries, territories, and other markets. A separate constellation of about 650 V1 Mobile satellites provides satellite-to-mobile data, voice, and messaging to about 7.4 million monthly unique devices in about 30 countries. The AI segment builds AI compute infrastructure and develops Grok, a frontier AI model. It also includes X, the real-time information and social platform that serves as a distribution and data source for Grok. Its COLOSSUS and COLOSSUS II data centers provide about 1.0 gigawatt of compute. The company is also pursuing the Terafab initiative with Tesla, joined by Intel, to build chip manufacturing capacity, and it aims to build orbital AI compute satellites.

Customers include consumer, enterprise, and government users of Starlink, along with NASA, astronauts, and satellite and other payload customers for launch services. Grok and X together had about 1.3 billion supported accounts active over the last twelve months and about 550 million monthly active users as of March 31, 2026, of whom about 117 million used Grok's AI features. For 2025, consolidated revenue was $18,674 million, including $4,086 million from Space, $11,387 million from Connectivity, and $3,201 million from AI. The company reported a consolidated loss from operations of $2,589 million and Adjusted EBITDA of $6,584 million.

SpaceX stresses extreme vertical integration, from rocket and satellite manufacturing to on-site power generation, water reclamation, and GPU deployment at its data centers. It recovers, refurbishes, and reflies Falcon boosters to lower launch costs. It follows an engineering-first, iterative approach it calls "The Algorithm," and it uses behind-the-meter power generation, battery storage, and liquid cooling for its data centers. It has invested over $15 billion in Starship and has raised over $9 billion of equity capital since its founding. The text does not name specific suppliers, competitors, or headquarters location.