True Freedom Investing LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX – Free Report) during the third quarter, Holdings Channel reports. The institutional investor purchased 6,442 shares of the company’s stock, valued at approximately $972,000.
Several other large investors have also recently bought and sold shares of SPCX. SC US Ttgp LTD. acquired a new stake in SpaceX during the 2nd quarter worth about $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX during the 2nd quarter valued at about $17,335,783,000. K5 Global Advisor LLC acquired a new position in shares of SpaceX in the 2nd quarter valued at about $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SpaceX in the 3rd quarter valued at about $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new stake in shares of SpaceX in the second quarter worth approximately $3,231,681,000.
Insider Buying and Selling at SpaceX
In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’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 approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Key Headlines Impacting SpaceX
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: SpaceX is reportedly negotiating to buy EchoStar’s Boost Mobile or gain access to its network. The deal could accelerate Starlink’s direct-to-consumer wireless strategy and provide a large existing customer base. SpaceX in talks to buy Boost Mobile or use its network
- Positive Sentiment: SpaceX’s AI and “super intelligence” operations reportedly generated $7.6 billion in third-quarter revenue, up 830% year over year. The company is also expanding Nvidia GPU capacity and targeting substantial additional data-center capacity in 2027, reinforcing the argument that SpaceX is becoming an AI growth company. Can SpaceX Overcome the AI Trade Sell-Off?
- Positive Sentiment: Starlink continues to expand, reaching 13.6 million subscribers, while enterprise and government revenue reportedly increased 91% year over year. Planned Starship commercial payload flights could further increase satellite-launch capacity and revenue. Starlink’s Subscriber Growth Is Explosive
- Neutral Sentiment: Elon Musk revived discussions around a “Terafab” chip-manufacturing project with TSMC. The initiative could support SpaceX’s AI ambitions, but its cost and execution requirements remain unclear. Why Is SPCX Stock Rebounding in Premarket Today?
- Neutral Sentiment: Special committees are exploring a potential SpaceX-Tesla merger. Such a transaction could broaden SpaceX’s strategic opportunities, but it would be highly complex and could involve substantial dilution for shareholders. Barclays Says a SpaceX Merger Is Now a Key Part of the Tesla Bull Case
- Negative Sentiment: Investors are questioning whether orbital data centers can generate acceptable returns. Jim Chanos cited warnings that the infrastructure could cost dramatically more than SpaceX estimates, while Bill Ackman said an AI buildout might require as much as $1 trillion in borrowing. Jim Chanos Warns About Space Data Center Costs
- Negative Sentiment: Nearly 2 billion shares reportedly became eligible for sale in October, creating potential supply pressure, with a larger unlock expected in June 2027. Investors are also concerned about higher borrowing costs tied to SpaceX’s $40 billion GPU financing arrangement. SpaceX Stock Falls as Share Unlocks Hit the Market
- Negative Sentiment: A federal judge allowed the NAACP’s Clean Air Act lawsuit over gas turbines powering SpaceX’s Memphis-area AI data centers to proceed, preserving regulatory, legal and potential cost risks. SpaceX Loses Bid to Toss NAACP Lawsuit
SpaceX Stock Performance
NASDAQ:SPCX opened at $134.72 on Monday. The stock has a 50 day moving average price of $149.56. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The firm has a market capitalization of $1.83 trillion and a P/E ratio of 518.15. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20.
SpaceX (NASDAQ:SPCX – Get Free Report) last posted its earnings results 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 firm had revenue of $14.57 billion during the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s revenue was up 161.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.36) earnings per share. As a group, sell-side analysts forecast that SpaceX will post 0.19 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms recently commented on SPCX. Piper Sandler restated a “neutral” rating on shares of SpaceX in a report on Wednesday, October 21st. Morgan Stanley reiterated an “overweight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Yorkville Ives assumed coverage on shares of SpaceX in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 target price for the company. Phillip Securities raised shares of SpaceX from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Finally, UBS Group restated an “overweight” rating and set a $300.00 price target on shares of SpaceX in a report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.97.
Check Out Our Latest Stock Analysis on SpaceX
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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