SpaceX $SPCX Stock Purchased by Nightview Capital LLC

Nightview Capital LLC grew its holdings in SpaceX (NASDAQ:SPCX) by 200.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,069 shares of the company’s stock after purchasing an additional 70,771 shares during the period. SpaceX comprises approximately 12.1% of Nightview Capital LLC’s holdings, making the stock its 2nd largest holding. Nightview Capital LLC’s holdings in SpaceX were worth $16,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bell Bank bought a new position in shares of SpaceX during the 3rd quarter worth approximately $672,000. Parkside Investments LLC purchased a new stake in SpaceX during the third quarter valued at approximately $827,000. Physician Wealth Advisors Inc. boosted its stake in SpaceX by 38.5% in the third quarter. Physician Wealth Advisors Inc. now owns 888 shares of the company’s stock valued at $134,000 after acquiring an additional 247 shares in the last quarter. Carnegie Investment Counsel boosted its stake in SpaceX by 427.4% in the third quarter. Carnegie Investment Counsel now owns 6,419 shares of the company’s stock valued at $968,000 after acquiring an additional 5,202 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in SpaceX by 269.1% in the third quarter. Pinnacle Associates Ltd. now owns 11,741 shares of the company’s stock valued at $1,771,000 after acquiring an additional 8,560 shares in the last quarter.

SpaceX Stock Down 0.1%

SPCX stock opened at $147.79 on Wednesday. The stock has a 50 day moving average of $148.92. The firm has a market cap of $1.95 trillion and a PE ratio of -1,642.11. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64.

SpaceX (NASDAQ:SPCX) last released its 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 company had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the company posted ($0.36) earnings per share. The company’s revenue was up 161.4% compared to the same quarter last year. On average, equities research analysts expect that SpaceX will post 0.07 earnings per share for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Q3 results exceeded expectations. SpaceX reported $14.58 billion in revenue, up 161% year over year, and earnings per share of $0.35 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 and Starlink are accelerating growth. Super Intelligence revenue reached $7.56 billion, while Connectivity revenue rose 69% to $5.25 billion. Starlink subscribers increased to 13.6 million, and recurring satellite revenue helped support profitability. SpaceX Q3 revenue surges and beats estimates
• Positive Sentiment: Potential Tesla merger talks added to investor enthusiasm. SpaceX and Tesla formed independent committees to evaluate a possible merger, which Elon Musk called a “good idea.” Analysts including Dan Ives and Gene Munster view a transaction as plausible, though no deal or terms are certain. SpaceX and Tesla boards form special committees to review merger
• Neutral Sentiment: Management outlined ambitious expansion plans. Musk expects significant additional AI computing capacity and projected long-term recurring revenue growth, while the company and Tesla are targeting volume chip production through their Terafab project in 2028. These forecasts offer upside but remain execution-dependent.
• Negative Sentiment: Heavy investment and financing needs remain key risks. SpaceX spent about $19.6 billion on capital expenditures during the quarter, including $16.4 billion for AI infrastructure. Analysts warn that additional borrowing, cash burn and rising debt could pressure valuation despite the profit beat. More than one billion shares may also become eligible for sale as lockups expire.
• Negative Sentiment: Starlink faces reputational and regulatory concerns. Reports that Musk ordered a slowdown of Starlink service affecting Ukraine could increase political scrutiny and create risks for government relationships and future contracts. Musk ordered Starlink slowdown affecting Ukraine

Insider Activity

In other 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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SPCX shares. Pivotal Research reaffirmed a “buy” rating and set a $230.00 price target on shares of SpaceX in a research report on Monday, October 12th. Needham & Company LLC reiterated a “buy” rating on shares of SpaceX in a report on Wednesday, September 30th. CLSA started coverage on SpaceX in a research report on Monday, September 28th. They issued an “outperform” rating and a $250.00 price objective for the company. Seaport Research Partners cut SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Finally, William Blair restated an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, SpaceX has an average rating of “Moderate Buy” and an average price target of $221.44.

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.