SpaceX losses mount as analysts point to profitable aerospace alternatives

Industry
โดย The Motley Fool·Read original
Summary · why it matters

Space Exploration Technologies posted a net loss of $4.28 billion in the first quarter of 2026, nearly matching its full-year 2025 loss in a single quarter, and has accumulated $41.3 billion in total losses since its founding. Morningstar's discounted cash flow model places the company's fair value at $63 per share, roughly 59% below where the stock trades today. The xAI division, absorbed in an all-stock deal earlier this year, generated $818 million in revenue against $2.47 billion in operating losses. In contrast, GE Aerospace reported orders of $17.3 billion, up 93% year over year, and revenue of $8.9 billion, up 29%, with a commercial backlog of $190 billion. TransDigm Group continues to compound aftermarket revenue from sole-source components, Howmet Aerospace grew revenue 19% to $2.31 billion with adjusted EPS up 42%, and Axon Enterprise reported revenue of $807 million, up 34%, expanding into drone countermeasures and autonomous surveillance tools.

Impact on stocks 6

Aerospace & Aviation▲ · 3 stocks
GE Aerospace
GE
▲ PositiveDemandrelevance

Orders up 93% YoY to $17.3B, revenue up 29% to $8.9B, commercial backlog of $190B.

Space Economy▼ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Axon Enterprise Inc.
AXON
▲ PositiveDemandrelevance

Revenue up 34% with expansion into drone countermeasures and autonomous surveillance tools.

Financials▲ · 1 stocks

Theme Impact 3

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