Space Exploration Technologies Corp balance sheet

At the end of fiscal 2025, Space Exploration Technologies Corp had total assets of $92.08bn, total liabilities of $50.75bn and shareholders' equity of $2.57bn. It held $24.75bn in cash against $22.90bn of debt: net cash of $1.85bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Space Exploration Technologies Corp: balance sheet, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	—	11.5	24.7	51.3
Receivables	—	—	1.6	4.8
Inventory	—	—	2.4	2.9
Total current assets	—	—	31.0	101.0
Goodwill	—	—	11.8	48.4
Total assets	—	—	92.1	254.0
Accounts payable	—	—	11.8	13.3
Deferred revenue (current)	—	—	6.1	10.8
Total current liabilities	—	—	21.4	32.7
Long-term debt	—	13.4	21.7	37.9
Total debt	—	0.0	22.9	38.8
Total liabilities	—	—	50.8	77.3
Shareholders' equity	—	4.9	2.6	176.8
Non-controlling interests and other (assets − liabilities − equity)	—	—	38.8	—
Net debt (negative = net cash)	—	−11.5	−1.9	−12.5

US$ billions unless shown otherwise. Fiscal quarters.

Space Exploration Technologies Corp: balance sheet, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	—	—	—	1.6	—	3.6	4.8
Inventory	—	—	—	2.4	—	2.7	2.9
Total current assets	—	—	—	31.0	—	108.0	101.0
Goodwill	—	—	—	11.8	—	11.6	48.4
Total assets	—	—	—	92.1	—	192.8	254.0
Accounts payable	—	—	—	11.8	—	8.2	13.3
Deferred revenue (current)	—	—	—	6.1	—	8.0	10.8
Total current liabilities	—	—	—	21.4	—	21.1	32.7
Long-term debt	—	—	—	21.7	28.7	38.3	37.9
Total debt	—	—	—	21.7	28.7	38.3	37.9
Total liabilities	—	—	—	50.8	—	65.5	77.3
Shareholders' equity	5.3	5.2	4.7	2.6	34.5	127.2	176.8
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	38.8	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Space Exploration Technologies Corp's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Space Exploration Technologies Corp.