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Alphabet vs Space Exploration Technologies: GOOGL and SPCX compared
Alphabet is the larger company: $127.6B of revenue in its latest quarter (Q3 2026) against $14.6B for Space Exploration Technologies (Q3 2026). Space Exploration Technologies is growing faster (+161% against +25% a year earlier). Alphabet is more profitable, with an operating margin of 31.8% against 19.1%.
Where the money goes: GOOGL and SPCX
Alphabet (GOOGL) · Q3 2026
Alphabet, Q3 2026: revenue $127.6B (+25% year over year), operating margin 31.8%, net earnings $26.5B, operating cash flow $42.3B. The chart follows the revenue to costs, profit and cash.
Space Exploration Technologies (SPCX) · Q3 2026
Space Exploration Technologies, Q3 2026: revenue $14.6B (+161% year over year), operating margin 19.1%, net earnings $4.4B, operating cash flow $9.6B. The chart follows the revenue to costs, profit and cash.
| Alphabet (GOOGL) | Space Exploration Technologies (SPCX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $127.6B | $14.6B |
| Revenue growth, Y/Y | +25% | +161% |
| Operating margin | 31.8% | 19.1% |
| Net earnings | $26.5B | $4.4B |
| Net margin | 20.7% | 30.2% |
| Operating cash flow | $42.3B | $9.6B |
| Market value | $3.52T | — |
| P/E | 14.9× | — |
| Analysts’ mean target | $400.37 | — |
Where the revenue comes from
Alphabet
- Google Services: $96.3B (75%)
- Google Cloud: $30.7B (24%)
- Other Bets: $372M (0%)
Space Exploration Technologies
- SI: $7.6B (52%)
- Connectivity: $5.2B (36%)
- Space: $1.8B (12%)
Questions
Which is bigger, Alphabet or Space Exploration Technologies?
Alphabet is the larger company: $127.6B of revenue in its latest quarter (Q3 2026) against $14.6B for Space Exploration Technologies (Q3 2026).
Is Alphabet or Space Exploration Technologies growing faster?
Space Exploration Technologies is growing faster (+161% against +25% a year earlier).
Which is more profitable, Alphabet or Space Exploration Technologies?
Alphabet is more profitable, with an operating margin of 31.8% against 19.1%.
More: Alphabet earnings · how Alphabet makes money · Space Exploration Technologies earnings · how Space Exploration Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.