Hyperion Asset Management Ltd raised its holdings in shares of SpaceX (NASDAQ:SPCX – Free Report) by 52.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,798,919 shares of the company’s stock after purchasing an additional 621,716 shares during the period. SpaceX makes up about 7.4% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 6th largest holding. Hyperion Asset Management Ltd’s holdings in SpaceX were worth $271,385,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of SPCX. 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 purchasing an additional 72 shares during the last quarter. Downshift Financial LLC increased its holdings in SpaceX by 25.7% in the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock worth $83,000 after buying an additional 113 shares in the last quarter. Decision Investments Inc. raised its position in SpaceX by 10.7% in the 3rd quarter. Decision Investments Inc. now owns 1,443 shares of the company’s stock worth $218,000 after buying an additional 139 shares during the last quarter. Worthington Financial Partners LLC lifted its stake in 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. Finally, Syntax Research Inc. bought a new stake in shares of SpaceX in the second quarter worth approximately $26,000.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Benchmark initiated coverage on shares of SpaceX in a research report on Monday, June 22nd. They set a “buy” rating on the stock. Oppenheimer upped their price objective on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. TD Cowen reaffirmed a “buy” rating and set a $200.00 price target on shares of SpaceX in a research report on Friday, October 9th. Pivotal Research reissued a “buy” rating and set a $230.00 price target on shares of SpaceX in a report on Monday, October 12th. Finally, Erste Group Bank began coverage on shares of SpaceX in a research report on Thursday, October 8th. They issued a “hold” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $221.44.
Check Out Our Latest Stock Report on SpaceX
Insider Transactions at SpaceX
In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’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 transaction, the chief operating officer owned 2,472,035 shares in the company, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Key Stories Impacting SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Analysts expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors are focused on whether Starlink growth, satellite services and AI-computing revenue can support SpaceX’s expansion. SpaceX Q3 Earnings Preview
- Positive Sentiment: Morgan Stanley’s Adam Jonas said a successful Starship mid-air catch could unlock additional valuation upside, although he also flagged potential debt issuance. Starship progress, orbital refueling and lunar-lander development are key investor questions. Starship Catch Could Unlock Valuation Upside
- Positive Sentiment: SpaceX successfully launched the Bandwagon-5 rideshare mission carrying dozens of payloads, reinforcing its launch cadence and commercial space position. SpaceX Bandwagon-5 Launch
- Positive Sentiment: Longer-term optimism remains strong: Bernstein reiterated a Buy rating with a $248 price target, while analysts continue to cite Starlink’s expansion and AI data-center demand as potential growth drivers. Bernstein Sets SpaceX Price Target
- Neutral Sentiment: Options markets imply roughly a 6% to 8% post-earnings move, signaling unusually high uncertainty rather than a clear directional view. Options Traders’ SpaceX Earnings Expectations
- Neutral Sentiment: Speculation about a Tesla–SpaceX merger continues, but no transaction has been announced. Musk’s pledge to give a SpaceX share to every U.S. child also lacks eligibility, funding and distribution details, limiting its immediate financial significance. SpaceX and Tesla Earnings
- Negative Sentiment: Investors worry that AI-computing revenue may come with heavy capital expenditures, financing needs and weaker near-term profitability. Higher 2027 spending guidance or additional borrowing could pressure SPCX. SpaceX Earnings and Financing Needs
- Negative Sentiment: More than one billion shares are expected to become eligible for sale after the quarterly update, creating an overhang and adding to near-term volatility. SpaceX Lockup Expiration
SpaceX Stock Performance
SPCX stock traded down $0.16 during trading on Tuesday, hitting $147.80. 50,773,733 shares of the company’s stock traded hands, compared to its average volume of 100,204,016. 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. The firm has a fifty day simple moving average of $148.63. The firm has a market capitalization of $1.95 trillion and a PE ratio of -1,642.26.
SpaceX (NASDAQ:SPCX – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The company had revenue of $7.81 billion for the quarter. The company’s quarterly revenue was up 91.9% compared to the same quarter last year. Research analysts forecast that SpaceX will post 0.07 earnings per share for the current fiscal year.
About SpaceX
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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