{
 "schema": "annalist.findings/0.1",
 "company": "spacex",
 "snapshot": "FY2026Q2_64f8541e",
 "as_of": {
  "period": "FY2026 Q2",
  "period_end": "2026-06-30",
  "release_date": "2026-08-04"
 },
 "findings_version": "0.4",
 "conventions": {
  "ledger": "Append-only: records are never changed or removed; seq gives the order of writing. A thread is one claim of one rule, written <rule>/<claim>.",
  "strength": "Claim polarity times measure. A thread is Strengthened or Weakened when its strength moves by more than the band of its rule, otherwise Confirmed.",
  "states": {
   "New": "The finding is stated for the first time, or again after it was retired.",
   "Confirmed": "The finding still holds and its measure moved by no more than the band of its rule.",
   "Strengthened": "The finding still holds and its measure moved further in the direction the finding states.",
   "Weakened": "The finding still holds and its measure moved back towards the opposite direction.",
   "Retired": "The finding no longer holds: its rule now states another claim, or no longer applies."
  },
  "changes": {
   "initial": "The first record of the rule for the company.",
   "data update": "A later period, from a new report.",
   "restatement": "The same period with different figures, after the company reported them differently.",
   "methodology": "A new method version of the rule.",
   "wording": "A new wording version of the rule, with the same method.",
   "correction": "The same period with different figures after Annalist corrected how it reads the filings; the reason names the correction, and config/corrections.toml lists the earlier records it concerns."
  },
  "basis": {
   "recorded": "Recorded from the snapshot named, after its publication.",
   "reconstructed": "Reconstructed from the figures of the snapshot named, as at the end of the period shown, when the ledger was opened. Figures are as later reported, so restated figures replace the original ones."
  },
  "claims": {
   "higher": "the measure is above its value a year earlier",
   "lower": "the measure is below its value a year earlier",
   "unchanged": "the measure is within rounding of its value a year earlier",
   "stated": "the figure is stated without a comparison",
   "profit_after_loss": "a profit follows a loss in the same period a year earlier",
   "loss": "the latest period shows a loss",
   "positive": "the amount is positive",
   "negative": "the amount is negative",
   "net_debt": "total debt exceeds cash and short-term investments",
   "net_cash": "cash and short-term investments exceed total debt",
   "ahead": "the share of the forecast reached exceeds the share of the year elapsed",
   "behind": "the share of the forecast reached is below the share of the year elapsed",
   "in_line": "the share of the forecast reached equals the share of the year elapsed, within rounding",
   "minimal": "the measure is within the minimal band of the S&P benchmark table",
   "modest": "the measure is within the modest band of the S&P benchmark table",
   "intermediate": "the measure is within the intermediate band of the S&P benchmark table",
   "significant": "the measure is within the significant band of the S&P benchmark table",
   "aggressive": "the measure is within the aggressive band of the S&P benchmark table",
   "highly_leveraged": "the measure is within the highly leveraged band of the S&P benchmark table",
   "covered": "the sources of cash cover the uses",
   "shortfall": "the sources of cash fall short of the uses",
   "cash_backed": "operating cash flow exceeds net income",
   "accrual_led": "net income exceeds operating cash flow",
   "safe_zone": "the score is above the safe threshold of the model",
   "grey_zone": "the score is between the thresholds of the model",
   "distress_zone": "the score is below the distress threshold of the model",
   "below_threshold": "the score is below the threshold of the model",
   "above_threshold": "the score is above the threshold of the model",
   "high_score": "7 or more of the 9 signals are met",
   "middle_score": "4 to 6 of the 9 signals are met",
   "low_score": "3 or fewer of the 9 signals are met"
  }
 },
 "rules": {
  "corp.net_debt": {
   "version": "1.1",
   "title": "Net debt or net cash",
   "measure": "total debt less cash and short-term investments at the quarter end, in the reporting currency",
   "band": "5% of the earlier amount"
  },
  "corp.net_income_yoy": {
   "version": "1.0",
   "title": "Net income against a year earlier",
   "measure": "growth of quarterly net income attributable to the company against the same quarter a year earlier, per cent; where either quarter shows a loss, the net income of the latest quarter",
   "band": "1.0 percentage point for growth; 5% of the earlier amount for amounts"
  },
  "corp.revenue_yoy": {
   "version": "1.0",
   "title": "Revenue against a year earlier",
   "measure": "growth of quarterly revenue against the same quarter a year earlier, per cent",
   "band": "1.0 percentage point"
  }
 },
 "corrections": [
  {
   "company": "spacex",
   "date": "2026-10-20",
   "text": "SpaceX reports depreciation alone and a total of depreciation and amortisation with different values in the same filing; the total has no figure for the second quarter of 2026, so depreciation is no longer published as that quarter's depreciation and amortisation. No finding cites the figure.",
   "records": []
  }
 ],
 "threads": {
  "corp.revenue_yoy/stated": {
   "rule": "corp.revenue_yoy",
   "claim": "stated",
   "state": "New",
   "since": "FY2026 Q2",
   "active": true,
   "records": [
    1
   ]
  },
  "corp.net_income_yoy/loss": {
   "rule": "corp.net_income_yoy",
   "claim": "loss",
   "state": "New",
   "since": "FY2026 Q2",
   "active": true,
   "records": [
    2
   ]
  },
  "corp.net_debt/net_cash": {
   "rule": "corp.net_debt",
   "claim": "net_cash",
   "state": "New",
   "since": "FY2026 Q2",
   "active": true,
   "records": [
    3
   ]
  }
 },
 "records": [
  {
   "seq": 1,
   "company": "spacex",
   "thread": "corp.revenue_yoy/stated",
   "rule": "corp.revenue_yoy",
   "rule_version": "1.0",
   "claim": "stated",
   "state": "New",
   "change": "initial",
   "period": "FY2026 Q2",
   "period_end": "2026-06-30",
   "measure": {
    "value": null,
    "unit": "%"
   },
   "band": [
    "abs",
    1.0
   ],
   "strength": null,
   "text": "Revenue for the quarter ended 30 June 2026 was US$7.8 billion.",
   "reason": null,
   "successor": null,
   "figures": [
    {
     "ref": "pl_quarterly/FY2026 Q2/revenue",
     "value": 7814000000.0,
     "sources": [
      "10-Q:0001628280-26-052535"
     ]
    }
   ],
   "basis": "recorded",
   "snapshot": "FY2026Q2_c7270d29",
   "dataset_sha256": "c7270d291f96a0286143aff75bc8932ba88c5c5e3b6b10936975962df74084a4"
  },
  {
   "seq": 2,
   "company": "spacex",
   "thread": "corp.net_income_yoy/loss",
   "rule": "corp.net_income_yoy",
   "rule_version": "1.0",
   "claim": "loss",
   "state": "New",
   "change": "initial",
   "period": "FY2026 Q2",
   "period_end": "2026-06-30",
   "measure": {
    "value": -541000000.0,
    "unit": "USD"
   },
   "band": [
    "rel",
    0.05
   ],
   "strength": 541000000.0,
   "text": "The company reported a net loss of US$541 million.",
   "reason": null,
   "successor": null,
   "figures": [
    {
     "ref": "pl_quarterly/FY2026 Q2/net_income",
     "value": -541000000.0,
     "sources": [
      "10-Q:0001628280-26-052535"
     ]
    }
   ],
   "basis": "recorded",
   "snapshot": "FY2026Q2_c7270d29",
   "dataset_sha256": "c7270d291f96a0286143aff75bc8932ba88c5c5e3b6b10936975962df74084a4"
  },
  {
   "seq": 3,
   "company": "spacex",
   "thread": "corp.net_debt/net_cash",
   "rule": "corp.net_debt",
   "rule_version": "1.1",
   "claim": "net_cash",
   "state": "New",
   "change": "initial",
   "period": "FY2026 Q2",
   "period_end": "2026-06-30",
   "measure": {
    "value": -60645000000.0,
    "unit": "USD"
   },
   "band": [
    "rel",
    0.05
   ],
   "strength": 60645000000.0,
   "text": "Cash and short-term investments exceeded total debt by US$60.6 billion at 30 June 2026.",
   "reason": null,
   "successor": null,
   "figures": [
    {
     "ref": "ratio/corp.net_debt/quarterly/FY2026 Q2",
     "value": -60645000000.0,
     "sources": []
    }
   ],
   "basis": "recorded",
   "snapshot": "FY2026Q2_c7270d29",
   "dataset_sha256": "c7270d291f96a0286143aff75bc8932ba88c5c5e3b6b10936975962df74084a4"
  }
 ]
}