# SpaceX: $13,329m of its debt is owed under leases with a director's firm

![SpaceX: $13,329m of its debt is owed under leases with a director's firm](https://aiswingx.com/static/covers/spcx-related-party-2026q2_cover.jpg?v=1790372004)

**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**

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.

- 종목: SPCX (Space Exploration Technologies Corp.)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-25 21:33 UTC
- 원문: https://aiswingx.com/p/spcx-related-party-2026q2

## 숫자 하나
Related-party debt of $13,329m at 30 June 2026 ($2,039m current plus $11,290m non-current), against $4,507m six months earlier. That is 33.9% of the $39,364m of total debt and finance leases. Related-party interest expense of $327m in the quarter was 52.0% of the $629m total, against nil a year earlier.

## 비유 하나
(구독자 전용)

## 출처 하나
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.

## 다음 분기에 볼 것
(구독자 전용)

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## 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.

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(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## FAQ

**Q. 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.

**Q. 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.

**Q. 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.

**Q. 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.

**Q. 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.