Foster Victor Wealth Advisors LLC increased its stake in shares of SpaceX (NASDAQ:SPCX – Free Report) by 44.9% in the third quarter, Holdings Channel.com reports. The fund owned 15,687 shares of the company’s stock after purchasing an additional 4,864 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in SpaceX were worth $2,321,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. James T. Borello RIA grew its position in shares of SpaceX by 41.4% during the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after purchasing an additional 72 shares in the last quarter. Downshift Financial LLC increased its holdings in shares of SpaceX by 25.7% in the third quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after purchasing an additional 113 shares during the last quarter. Trifecta Capital Advisors LLC increased its holdings in shares of SpaceX by 112.5% in the third quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock worth $36,000 after purchasing an additional 126 shares during the last quarter. Decision Investments Inc. lifted its position in shares of SpaceX by 10.7% in the third quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock worth $218,000 after buying an additional 139 shares in the last quarter. Finally, Worthington Financial Partners LLC lifted its position in shares of SpaceX by 3.0% in the third quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock worth $737,000 after buying an additional 142 shares in the last quarter.
SpaceX Stock Up 7.8%
Shares of NASDAQ SPCX opened at $159.31 on Thursday. The firm has a 50-day simple moving average of $149.18. The firm has a market capitalization of $2.10 trillion and a PE ratio of -1,770.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.12 and a quick ratio of 4.99. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.
SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. The company’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.36) earnings per share. As a group, equities research analysts expect that SpaceX will post 0.07 EPS for the current year.
SpaceX News Summary
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Strong Q3 results: SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings of $0.35 per share versus the $0.10 consensus estimate. Net income reached approximately $4.4 billion, compared with a loss a year earlier. SpaceX quarterly revenue jumps, beats estimates as AI business surges
- Positive Sentiment: AI business is scaling rapidly: The Super Intelligence segment generated roughly $7.56 billion in revenue, up more than eightfold, and became SpaceX’s largest revenue contributor. Management said new computing deployments are currently producing payback in less than a year, helping validate the company’s AI infrastructure strategy. Why SpaceX Stock Popped After Earnings
- Positive Sentiment: Upbeat outlook and analyst support: SpaceX guided to $33 billion-$37 billion in first-quarter 2027 revenue, while its backlog reached about $63 billion. JPMorgan raised its price target to $500, and other firms including Wells Fargo, TD Cowen and Needham also increased targets or reiterated bullish ratings. Top Analysts Boost Price Targets After Q3 Beat
- Positive Sentiment: Merger speculation added momentum: Elon Musk called a Tesla-SpaceX merger a good idea, and both companies formed independent committees to examine a transaction. A combination could create synergies across AI, vehicles, robotics, connectivity and data. However, no deal is certain and shareholder approval would be required. SpaceX and Tesla boards form special committees to review merger
- Neutral Sentiment: Starlink remains an important financial base: Connectivity revenue rose 69% to approximately $5.25 billion, with 13.6 million consumer subscribers and strong enterprise and government growth. Investors are watching whether subscriber expansion and direct-to-device plans can support the AI buildout.
- Negative Sentiment: Capital intensity remains the key risk: SpaceX spent about $19.6 billion on capital expenditures in the quarter and expects $35 billion-$40 billion in fourth-quarter spending. Analysts have warned that continued AI expansion could require substantial borrowing and create execution, power-availability and cash-flow risks. SpaceX Bulls Get Louder After Q3 Earnings Print
- Negative Sentiment: Potential supply and governance overhangs: Upcoming insider share unlocks could increase selling pressure, while concerns about Starlink’s geopolitical exposure and the uncertain terms of any Tesla merger remain risks to valuation.
Analyst Upgrades and Downgrades
SPCX has been the topic of several research reports. Citigroup raised their price target on SpaceX from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Susquehanna increased their target price on shares of SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of SpaceX in a report on Wednesday. Finally, Barclays raised their target price on shares of SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.08.
View Our Latest Stock Analysis on SPCX
Insider Buying and Selling
In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SpaceX Company Profile
Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.
SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.
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