SpaceX builds and launches reusable rockets and spacecraft for NASA, the military, and companies, and it runs Starlink, a satellite internet service for homes and businesses. In 2020, its Dragon capsule became the first privately built spacecraft to carry astronauts to the International Space Station. Its Falcon 9 rocket lands its first stage so the booster can fly again, which cuts launch costs, while Starlink beams internet from low-orbit satellites to small dishes for a monthly fee. SpaceX also owns xAI, maker of the Grok chatbot and owner of the social network X, and is building Starship, a fully reusable rocket meant to carry people to the Moon and Mars. Elon Musk founded SpaceX in 2002, and it is based in Starbase, Texas.
Company Size
10,001+
Company Stage
IPO
Headquarters
Starbase, Texas
Founded
2002
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Simply Wall St has named three growth stocks to watch in October 2026: Sandisk, Space Exploration Technologies, and Seagate Technology Holdings. It says analysts expect strong earnings momentum from all three, even as higher fuel and transport costs linked to the US war with Iran squeeze households. Sandisk, a flash storage maker, generates about $20.2 billion from its storage portfolio and has a market cap of roughly $204.2 billion. Demand for its enterprise SSDs is tied to AI and cloud growth. Space Exploration Technologies earns about $13.9 billion from Connectivity, $5.1 billion from AI, and $4.1 billion from Space, with a market cap of roughly $2,017.2 billion. Starlink is its main revenue driver and its only division reporting an operating profit. Seagate makes about $12.2 billion from storage solutions and has a market cap of roughly $145.3 billion.
Tesla unveiled its redesigned Roadster on Thursday at SpaceX's rocket test site in McGregor, Texas, nearly nine years after Elon Musk first showed the idea in 2017. Production will start in 2028, with deposits of $50,000 for the Performance version and $250,000 for the Thrust version. The car used cold-gas thrusters borrowed from SpaceX to drive upside down on a curved ramp and flip in midair. Musk said it can reach 60 mph in under a second and top 230 mph. The reveal revived talk of a Tesla–SpaceX merger. EMJ Capital founder Eric Jackson said there is "no point" while both companies enjoy a premium valuation. Yorkville Ives partner Dan Ives sees an 80% chance of a merger by the end of 2027.
CoreWeave shares fell more than 15% on October 14 as investors questioned whether the AI computing provider is borrowing too much. The company has more than $50 billion in debt and operating leases, and its senior notes due 2032 briefly traded at yields near 15%, against a 9.625% coupon. Visible Alpha expects CoreWeave's free cash flow to be negative $25 billion this year, and negative $28 billion in 2027 and $18 billion in 2028. It held about $6 billion in cash at the end of the second quarter. SpaceX, which acquired xAI and Cursor this year, is renting out spare AI computing capacity. Its deals with Anthropic, Google Cloud, Reflection AI, and another customer total about $3.4 billion a month. It ended the second quarter with roughly $100 billion in cash and $39.4 billion in debt.
Tesla unveiled its redesigned Roadster on Thursday night at SpaceX's rocket test site in McGregor, Texas, nearly nine years after Elon Musk first showed the idea in 2017. Production is due to start in 2028, so the car is unlikely to lift near-term earnings. Using cold-gas thrusters borrowed from SpaceX and a suction system, the car drove upside down on a curved ramp, vaulted off it, and flipped in mid-air before landing. Musk said it can reach 60 mph in under a second and top 230 mph. It is unclear whether the stunt features would be legal on public roads. Deposits are $50,000 for the Performance version and $250,000 for the Thrust version. Analyst Gene Munster called the event an "engineering flex with no commercial value beyond embarrassing traditional car makers." Tesla shares rose 5% in pre-market trading on Friday; SpaceX gained 2%.
SpaceX has announced a new Grok Voice model and says Starlink call centres already use it to answer 20,000 customer calls a day. The company said roughly 70% of those calls are resolved without humans. Grok Voice agents verify customers, troubleshoot Starlink hardware, issue credits, and ship replacement equipment. They can handle these tasks in multiple languages. Starlink serves more than 6 million active customers worldwide. Rather than build a large human customer-service operation, SpaceX is betting AI can serve its multilingual base. Rivals are moving the same way. OpenAI released GPT-Live-1 with call support in July, Google has launched similar enterprise systems, and Meta's Muse can handle phone calls in a beta feature.