Clear Wave Wealth Management LLC boosted its stake in shares of SpaceX (NASDAQ:SPCX – Free Report) by 53.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,905 shares of the company’s stock after buying an additional 5,512 shares during the period. Clear Wave Wealth Management LLC’s holdings in SpaceX were worth $2,399,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Viking Fund Management LLC purchased a new stake in shares of SpaceX during the 3rd quarter worth approximately $1,358,000. Diversify Advisory Services LLC boosted its position in shares of SpaceX by 34.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock valued at $7,205,000 after acquiring an additional 12,292 shares during the last quarter. Avior Wealth Management LLC purchased a new position in shares of SpaceX in the third quarter valued at $2,934,000. Wedbush Securities Inc. purchased a new position in shares of SpaceX in the second quarter valued at $5,094,000. Finally, Apella Capital LLC increased its position in SpaceX by 218.2% in the third quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after purchasing an additional 5,777 shares during the last quarter.
SpaceX News Roundup
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: CEO Elon Musk said SpaceX’s annual recurring revenue could reach $100 billion this December and that exceeding $500 billion in December 2027 is his best estimate. The ambitious forecast strengthens the company’s growth narrative, though it depends on substantial expansion. Article
- Positive Sentiment: Stifel reiterated its Buy rating and $190 price target, citing potential growth opportunities, including data-center projects. The analyst endorsement helped reinforce investor confidence. Article
- Positive Sentiment: SpaceX is advancing plans for a roughly $24 billion gas-fired power plant and supercomputing facility in Starbase, potentially supporting its AI infrastructure ambitions. Separately, reports of a major Anthropic computing agreement and Google spending on SpaceX infrastructure point to possible demand for its compute capacity. Article
- Positive Sentiment: SpaceX’s Qualcomm partnership and planned Starlink Mobile deployment starting in 2027 could extend its business into nationwide 5G connectivity. Article
- Neutral Sentiment: NASA’s proposed $10 billion lunar-contract framework creates an opportunity for SpaceX, including a planned 2028 Starship mission, but the broader contracts are competitive rather than guaranteed awards. Article
- Neutral Sentiment: A first attempt to catch both Starship and its booster during Flight 15 could showcase progress in reusability, but the outcome remains uncertain. Article
- Negative Sentiment: Texas Gov.-elect Gina Hinojosa urged the state to pause action on land near Starbase, creating potential uncertainty around SpaceX’s local expansion plans. Investors are also watching whether political opposition could slow data-center development. Article
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on SPCX shares. JPMorgan Chase & Co. upped their price target on shares of SpaceX from $240.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Morgan Stanley reissued an “overweight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Seaport Research Partners cut shares of SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. The Goldman Sachs Group restated a “buy” rating and issued a $245.00 target price on shares of SpaceX in a report on Wednesday, October 21st. Finally, CLSA started coverage on shares of SpaceX in a research report on Monday, September 28th. They set an “outperform” rating and a $250.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.60.
Check Out Our Latest Report on SPCX
SpaceX Stock Performance
Shares of SpaceX stock opened at $142.07 on Tuesday. The stock has a market cap of $1.93 trillion and a PE ratio of 546.42. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $149.19. SpaceX has a one year low of $104.83 and a one year high of $225.64.
SpaceX (NASDAQ:SPCX – Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm had revenue of $14.57 billion for the quarter. During the same period in the prior year, the firm posted ($0.36) EPS. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. Sell-side analysts predict that SpaceX will post 0.19 earnings per share for the current fiscal year.
Insider Transactions at SpaceX
In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX 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 directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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