Halter Ferguson Financial Inc. raised its stake in shares of SpaceX (NASDAQ:SPCX – Free Report) by 32,073.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 658,587 shares of the company’s stock after purchasing an additional 656,540 shares during the period. SpaceX accounts for about 17.2% of Halter Ferguson Financial Inc.’s investment portfolio, making the stock its 2nd biggest holding. Halter Ferguson Financial Inc.’s holdings in SpaceX were worth $99,354,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. James T. Borello RIA raised its stake in shares of SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock worth $37,000 after buying an additional 72 shares during the period. Downshift Financial LLC lifted its position in shares of SpaceX by 25.7% during the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after buying an additional 113 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of SpaceX by 112.5% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 238 shares of the company’s stock valued at $36,000 after buying an additional 126 shares in the last quarter. Decision Investments Inc. grew its stake in shares of SpaceX by 10.7% during the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock valued at $218,000 after acquiring an additional 139 shares during the period. Finally, Worthington Financial Partners LLC grew its stake in shares of SpaceX by 3.0% during the 3rd quarter. Worthington Financial Partners LLC now owns 4,883 shares of the company’s stock valued at $737,000 after acquiring an additional 142 shares during the period.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. William Blair restated an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SpaceX in a report on Wednesday, October 14th. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price target on shares of SpaceX in a research report on Wednesday, August 26th. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research note on Monday. Finally, Evercore reissued an “outperform” rating and issued a $275.00 price objective on shares of SpaceX in a research note on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.08.
Get Our Latest Research Report on SpaceX
Insider Buying and Selling at SpaceX
In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SpaceX Price Performance
SPCX stock opened at $159.31 on Thursday. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.10 trillion and a P/E ratio of -1,770.11. The business has a 50 day simple moving average of $149.18.
SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The company had revenue of $14.57 billion for the quarter. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.36) earnings per share. Sell-side analysts anticipate that SpaceX will post 0.07 EPS for the current fiscal year.
Key Headlines Impacting SpaceX
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.
SpaceX 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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