The business
Launch provider (Falcon 9, Starship) and operator of the Starlink satellite broadband network, with a government business through Starshield. It listed on Nasdaq under SPCX in June 2026.
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AEROSPACE & SATELLITE COMMUNICATIONS
Space Exploration Technologies Corp. (SpaceX)
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What it is and why we own it.
Role in the portfolio
A small, speculative position in a category-defining aerospace and satellite-communications company.
What drives the numbers
- Starlink subscribers and revenue per user
- Launch cadence and cost per kilogram to orbit
- Starship test progress and commercial readiness
- Government and defence contract revenue
Key risks
- A very recent listing: limited public trading and reporting history
- Valuation is sensitive to the Starship and Starlink growth narrative
- Technical and regulatory execution risk, and dependence on its founder
CHART
Price and technical analysis.
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Technical summary
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Company profile
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FUNDAMENTALS
Financials, live.
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