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10 changes: 5 additions & 5 deletions docs/examples/spacex-spcx-briefing/README.mdx
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title: SpaceX (SPCX) Financial Briefing
description: Generate a quantitative SpaceX (NASDAQ: SPCX) financial briefing in a single Agent API call using the finance_search tool. Showcases segment, KPI, and backlog data for a newly-listed ticker.
sidebar_position: 8
keywords: [agent-api, finance-search, spcx, spacex, equity-research, ipo, segment-revenue, starlink, fiscal-ai]
keywords: [agent-api, finance-search, spcx, spacex, equity-research, ipo, segment-revenue, starlink]
---

# SpaceX (SPCX) Financial Briefing

A focused, single-shot example showing how Perplexity's [Agent API](https://docs.perplexity.ai/docs/agent-api/quickstart) and the [`finance_search`](https://docs.perplexity.ai/docs/agent-api/tools/finance-search) tool ([launch announcement](https://www.perplexity.ai/hub/blog/introducing-finance-search-in-the-agent-api)) produce a quantitative briefing on a freshly-listed ticker — in this case **NASDAQ: SPCX**, Space Exploration Technologies Corp. (SpaceX), which filed its S-1 in May 2026.

Most equity-research walkthroughs hit large-cap, mature tickers where every field is well-populated. `finance_search` is more interesting on a fresh listing: the moment Perplexity's finance data provider ([fiscal.ai](https://fiscal.ai)) flips the ticker on, the model can pull structured segment revenue (Connectivity / Space / AI), Starlink subscriber KPIs, satellites in orbit, and backlog directly out of the S-1 — no scraping, no PDF parsing.
Most equity-research walkthroughs hit large-cap, mature tickers where every field is well-populated. `finance_search` is more interesting on a fresh listing: the moment Perplexity's finance data provider flips the ticker on, the model can pull structured segment revenue (Connectivity / Space / AI), Starlink subscriber KPIs, satellites in orbit, and backlog directly out of the S-1 — no scraping, no PDF parsing.

## Features

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## 2. FY2023–FY2025 P&L trajectory

| Fiscal year | Revenue | Gross margin | Operating margin | Net margin |
| Reporting year | Revenue | Gross margin | Operating margin | Net margin |
|-------------|----------:|-------------:|-----------------:|-----------:|
| FY2023 | $10.387B | 41% | (34%) | (45%) |
| FY2024 | $14.015B | 43% | 3% | 6% |
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## Data Source

Structured SPCX financial data returned by `finance_search` is sourced from [fiscal.ai](https://fiscal.ai), Perplexity's finance data provider. fiscal.ai covers 50,000+ public companies; SPCX coverage launched alongside the SpaceX S-1 filing in May 2026.
Structured SPCX financial data returned by `finance_search` comes from Perplexity's finance data provider. SPCX coverage launched alongside the SpaceX S-1 filing in May 2026.

## Limitations

- Results depend on Perplexity's (and upstream fiscal.ai's) coverage of the ticker. Coverage and field availability for newly-listed tickers can evolve over the days following a filing.
- Results depend on Perplexity's upstream coverage of the ticker. Coverage and field availability for newly-listed tickers can evolve over the days following a filing.
- This is not investment advice. The "Bottom line" section is explicitly framed as analytical opinion, not a recommendation.

## Resources
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6 changes: 3 additions & 3 deletions docs/examples/spacex-spcx-briefing/spacex_spcx_briefing.py
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listing: SpaceX filed its S-1 in May 2026 and ``finance_search`` picks up the
filing data — segment revenue (Connectivity / Space / AI), Starlink subscriber
KPIs, satellites in orbit, total backlog — the moment Perplexity's finance
data provider (fiscal.ai) flips the ticker on.
data provider flips the ticker on.

This script issues **one** Agent API call and prints the model's briefing plus
the raw ``finance_results`` blocks returned by the tool, so you can see both
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1. **Snapshot** — latest price, market cap, day range, and the timestamp
returned by finance_search.
2. **FY2023–FY2025 P&L trajectory** — revenue, gross profit, operating income,
and net income for each of the three fiscal years. Comment briefly on the
and net income for each of the three reported years. Comment briefly on the
margin trend.
3. **Segment mix (FY2025)** — total revenue by segment: Connectivity (Starlink),
Space (launch services + dev), and Artificial Intelligence. Include each
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government revenue split.
5. **Capacity & backlog** — total backlog, % of backlog to be recognized over
the next twelve months, Falcon launches, Starship launches, and mass to
orbit (metric tons) for the latest fiscal year.
orbit (metric tons) for the latest reported year.
6. **Bottom line** — 2 sentences. Label this as analytical opinion, not a
recommendation."""

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