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Space Exploration Technologies vs AppLovin: SPCX and APP compared
Space Exploration Technologies is the larger company: $14.6B of revenue in its latest quarter (Q3 2026) against $2.2B for AppLovin (Q3 2026). Space Exploration Technologies is growing faster (+161% against +56% a year earlier). AppLovin is more profitable, with an operating margin of 78.2% against 19.1%.
Where the money goes: SPCX and APP
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.
AppLovin (APP) · Q3 2026
AppLovin, Q3 2026: revenue $2.2B (+56% year over year), operating margin 78.2%, net earnings $1.4B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Space Exploration Technologies (SPCX) | AppLovin (APP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $14.6B | $2.2B |
| Revenue growth, Y/Y | +161% | +56% |
| Operating margin | 19.1% | 78.2% |
| Net earnings | $4.4B | $1.4B |
| Net margin | 30.2% | 65.9% |
| Operating cash flow | $9.6B | $1.4B |
| Free cash flow | — | $1.4B |
| Market value | — | $133.0B |
| P/E | — | 26.7× |
| Analysts’ mean target | — | $459.79 |
Where the revenue comes from
Space Exploration Technologies
- SI: $7.6B (52%)
- Connectivity: $5.2B (36%)
- Space: $1.8B (12%)
Questions
Which is bigger, Space Exploration Technologies or AppLovin?
Space Exploration Technologies is the larger company: $14.6B of revenue in its latest quarter (Q3 2026) against $2.2B for AppLovin (Q3 2026).
Is Space Exploration Technologies or AppLovin growing faster?
Space Exploration Technologies is growing faster (+161% against +56% a year earlier).
Which is more profitable, Space Exploration Technologies or AppLovin?
AppLovin is more profitable, with an operating margin of 78.2% against 19.1%.
More: Space Exploration Technologies earnings · how Space Exploration Technologies makes money · AppLovin earnings · how AppLovin makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.