SpaceX: $13,329m of its debt is owed under leases with a director's firm
Second-quarter 2026 10-Q: the two debt lines on the balance sheet carry the related-party amount in brackets. $2,039m and $11,290m come to $13,329m, against $4,507m in the same brackets six months earlier
aiSwingX™ Editorial · Reviewed
Published
Space Exploration Technologies Corp. Form 10-Q (second quarter 2026, filed 2026-08-04, accession 0001628280-26-052535): the two 'Debt and finance leases' lines on the consolidated balance sheet and their bracketed disclosures; the 'Interest expense' line on the consolidated statement of operations and its bracketed disclosure; the Other Financings paragraph and maturity table in Note 9 Debt; Note 17 Related Party Transactions. Quarterly and half-year figures cross-checked against SEC XBRL Company Facts.
aiSwingX™ analyzes US filings and reports them as news investors can read.
Space Exploration Technologies Corp. (SPCX) carried $39,364m of debt and finance leases at 30 June 2026. The balance sheet states in brackets that $13,329m of it is owed to a related party. At 31 December 2025 the same item stood at $4,507m.
In plain terms
SpaceX launches rockets and sells satellite internet. More than $13bn of what it owes comes from equipment hire agreements with an investment firm whose chief executive sits on the SpaceX board. Six months earlier that figure was $4.5bn. Interest on those agreements came to more than $300m in the quarter alone.
What happened
Space Exploration Technologies Corp. (SPCX) launches rockets and sells satellite internet, and absorbed xAI in February 2026. This 10-Q is the company's second quarterly report since its June 2026 listing.
The two debt lines on the balance sheet state the related-party amount inside the caption itself.
Balance sheet line
30 Jun 2026
of which related party
Debt and finance leases, current
$2,525m
$2,039m
Debt and finance leases, non-current
$36,839m
$11,290m
Total
$39,364m
$13,329m
The related-party share is 33.9% of the total.
It tripled in six monthsSubscribers
The counterparty is a firm led by a directorSubscribers
$327m of interest in the quarterSubscribers
Another line in the same note — Tesla MegapacksSubscribers
We find the numbers that are in the filing but not in the news, and analyze what they mean, how big they are and what to watch next quarter — with the arithmetic and quarterly metrics. Cancel any time.
Is a related-party transaction a problem in itself?
The 10-Q records the transaction and the amounts. This article calculates only what share of the total those amounts represent; it does not assess the terms.
Where is this figure stated?
Not in a note but inside the captions of the balance sheet and income statement lines. The subscriber section reproduces those lines.
How much did it change in six months?
The current and non-current amounts at both dates, and the increase, are set out in a table in the subscriber section.
How much interest was paid?
The subscriber section gives the quarterly and half-year related-party interest expense and its share of total interest expense.
Where can I check this myself?
On SEC EDGAR, open Space Exploration Technologies Corp.'s second-quarter 2026 Form 10-Q (accession 0001628280-26-052535) and read the two debt lines on the balance sheet and Note 17.
How aiSwingX™ wrote this
We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
Space Exploration Technologies Corp. Form 10-Q (second quarter 2026, filed 2026-08-04, accession 0001628280-26-052535): the two 'Debt and finance leases' lines on the consolidated balance sheet and their bracketed disclosures; the 'Interest expense' line on the consolidated statement of operations and its bracketed disclosure; the Other Financings paragraph and maturity table in Note 9 Debt; Note 17 Related Party Transactions. Quarterly and half-year figures cross-checked against SEC XBRL Company Facts. · SEC EDGAR · This article is not investment advice. Disclaimer
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aiSwingX™ analyzes US filings and reports them as news investors can read.
