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Space Exploration TechnologiesLIM:SPCXUS -3.88%7 Debt-to-Equity is 0.56 as of Dec. 2025, which is at its 10-year median of 0.56. GuruFocus rates LIM:SPCXUS with a GF Score™ of 7/100. The stock has 1 warning sign investors should review. Among 313 Aerospace & Defense companies, Space Exploration Technologies ranks worse than 69.65% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Space Exploration Technologies's Debt-to-Equity or its related term are showing as below:
LIM:SPCXUS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.56 Max: 0.56
Current: 0.56
During the past 3 years, the highest Debt-to-Equity Ratio of Space Exploration Technologies was 0.56. The lowest was 0.55. And the median was 0.56.
LIM:SPCXUS's Debt-to-Equity is ranked worse than 69.65% of 313
companies
in the Aerospace & Defense industry
Industry Median: 0.31
vs LIM:SPCXUS: 0.56
Space Exploration Technologies (LIM:SPCXUS) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Space Exploration Technologies Debt-to-Equity Related Terms
Space Exploration Technologies Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Space Exploration Technologies Debt-to-Equity Chart
Space Exploration Technologies Annual Data
Trend
Dec23
Dec24
Dec25
Debt-to-Equity
N/A
0.55
0.56
Space Exploration Technologies Quarterly Data
Dec23
Dec24
Dec25
Debt-to-Equity
N/A
0.55
0.56
LIM:SPCXUS vs : Debt-to-Equity Comparison
For the Aerospace & Defense subindustry, Space Exploration Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Space Exploration Technologies Debt-to-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Space Exploration Technologies's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Space Exploration Technologies (LIM:SPCXUS) has a Debt-to-Equity of 0.56 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Space Exploration Technologies and its competitors. This is near median its historical median of 0.56. Over the past decade, Space Exploration Technologies' Debt-to-Equity has ranged from 0.55 to 0.56. According to the industry distribution chart, Space Exploration Technologies ranks #218 out of 313 companies in the Aerospace & Defense industry, placing it in the top 69.6%.
Is Space Exploration Technologies' Debt-to-Equity too high?
Space Exploration Technologies' current Debt-to-Equity of 0.56 is near median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.56. The Aerospace & Defense industry median Debt-to-Equity is 0.31. Space Exploration Technologies' value of 0.56 is 80.6% above this industry median. Based on the distribution chart, Space Exploration Technologies ranks #218 out of 313 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Space Exploration Technologies has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' Debt-to-Equity compare to ?
According to the Aerospace & Defense industry distribution chart, Space Exploration Technologies ranks #218 out of 313 companies for Debt-to-Equity. This places Space Exploration Technologies in the lower half of its industry. The industry median Debt-to-Equity is 0.31. Space Exploration Technologies' value of 0.56 is 80.6% above this benchmark. Historically, Space Exploration Technologies' own Debt-to-Equity has ranged from 0.55 to 0.56 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.31, Space Exploration Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Aerospace & Defense company?
The median Debt-to-Equity among Aerospace & Defense companies is 0.31, based on 313 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Space Exploration Technologies's current Debt-to-Equity of 0.56 is 80.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Space Exploration Technologies and its competitors. For the Aerospace & Defense industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Exploration Technologies's current Debt-to-Equity is 0.56, which is near median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Exploration Technologies stock overvalued right now?
Space Exploration Technologies (LIM:SPCXUS) has a current Debt-to-Equity of 0.56. The current Debt-to-Equity is 0.56, which is near median its 10-year median of 0.56 and 80.6% above the Aerospace & Defense industry median of 0.31. Space Exploration Technologies' overall GF Score™ is 7/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Space Exploration Technologies (LIM:SPCXUS), the current Debt-to-Equity is 0.56 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Space Exploration Technologies Business Description
Founded in 2002 and commonly known as SpaceX, the Space Exploration Technologies Corporation designs, manufactures, and operates a family of reusable rockets to launch various payloads into Earth orbit for government and commercial customers. Starting in 2019, the company began launching a constellation of its own communication satellites to provide mobile broadband and wireless services under the Starlink brand. In early 2026, the company acquired xAI from its founder, Elon Musk, which operates a large language artificial intelligence model named Grok, a gigawatt-scale data center called Colossus, and the social media network X.
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