Space Exploration Technologies Corp. (SPCX): a likely value trap?

Avoid — priced at ~85x sales and 132x forward earnings for a company that loses money and just fell below its IPO price.

⚠ TRAP Fundamentals38/100

Down 35% from its all-time high of $185.00 — now $119.85

Why SPCX dropped

SpaceX IPO'd in June 2026 at $135, spiked to $185-225, and has since fallen sharply — down about 35-43% from its highs — as investors reassess sky-high growth expectations, insider lock-up expirations loom, and a Starship test was scrubbed.

Fwd P/E 132.7Op margin -41.6%Rev growth 15.4%Debt/equity 73.6%Analyst upside 100.3%

How this scored 38/100 ❌ fails 1 hard check

❌ Fails 1 hard check — these are pass/fail and override the score entirely.

❌ Makes money not profitable (and no credible path to profit)

✅ Generates cash Free cash flow unknown

✅ Not drowning in debt Debt/equity 73.6% (limit 200%)

✅ Can pay its bills Current ratio 1.2 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 2/25

Operating margin -41.6% 0/9

Net profit margin -45.0% 0/8

Return on equity unknown 2/8

Growth Is it getting bigger, or dying? 17/25

Revenue growth 15.4% 6/9

Earnings growth unknown 2/8

Expected profit change 238.9% 8/8

Value Is it cheap right now? 9/25

Forward P/E 132.7 0/10

PEG ratio unknown 2/8

Analyst target upside 100.3% 7/7

Balance sheet Will it survive? 10/25

Debt / equity 73.6% 7/10

Current ratio 1.2 1/8

Free cash flow unknown 2/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-07-21. Research only — not financial advice.