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Meta Platforms vs Space Exploration Technologies: META and SPCX compared
Meta Platforms is the larger company: $64.6B 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 +26% a year earlier). Meta Platforms is more profitable, with an operating margin of 20.1% against 19.1%.
Where the money goes: META and SPCX
Meta Platforms (META) · Q3 2026
Meta Platforms, Q3 2026: revenue $64.6B (+26% year over year), operating margin 20.1%, net earnings $9.9B, operating cash flow $32.8B. 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.
| Meta Platforms (META) | Space Exploration Technologies (SPCX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $64.6B | $14.6B |
| Revenue growth, Y/Y | +26% | +161% |
| Operating margin | 20.1% | 19.1% |
| Net earnings | $9.9B | $4.4B |
| Net margin | 15.3% | 30.2% |
| Operating cash flow | $32.8B | $9.6B |
| Market value | $1.57T | — |
| P/E | 20.8× | — |
| Analysts’ mean target | $850.10 | — |
Where the revenue comes from
Meta Platforms
- Family of Apps: $64.2B (99%)
- Reality Labs: $443M (1%)
Space Exploration Technologies
- SI: $7.6B (52%)
- Connectivity: $5.2B (36%)
- Space: $1.8B (12%)
Questions
Which is bigger, Meta Platforms or Space Exploration Technologies?
Meta Platforms is the larger company: $64.6B of revenue in its latest quarter (Q3 2026) against $14.6B for Space Exploration Technologies (Q3 2026).
Is Meta Platforms or Space Exploration Technologies growing faster?
Space Exploration Technologies is growing faster (+161% against +26% a year earlier).
Which is more profitable, Meta Platforms or Space Exploration Technologies?
Meta Platforms is more profitable, with an operating margin of 20.1% against 19.1%.
More: Meta Platforms earnings · how Meta Platforms 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 22, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.