Interchange Capital Partners LLC Makes New $3.40 Million Investment in SpaceX $SPCX

Interchange Capital Partners LLC acquired a new position in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,557 shares of the company’s stock, valued at approximately $3,403,000.

Several other large investors have also recently bought and sold shares of SPCX. James T. Borello RIA lifted its holdings in SpaceX by 41.4% in the third quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after acquiring an additional 72 shares during the period. Oakworth Capital Inc. grew its stake in shares of SpaceX by 17.8% during the 3rd quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock worth $73,000 after purchasing an additional 73 shares during the period. Fonville Wealth Management LLC grew its stake in shares of SpaceX by 3.8% during the 3rd quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock worth $410,000 after purchasing an additional 99 shares during the period. Downshift Financial LLC increased its holdings in shares of SpaceX by 25.7% in the 3rd quarter. Downshift Financial LLC now owns 553 shares of the company’s stock valued at $83,000 after purchasing an additional 113 shares in the last quarter. Finally, Balance Wealth Partners LLC increased its holdings in shares of SpaceX by 5.7% in the 3rd quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company’s stock valued at $341,000 after purchasing an additional 121 shares in the last quarter.

SpaceX Stock Down 0.9%

Shares of SPCX stock opened at $143.89 on Friday. The stock has a market capitalization of $1.90 trillion and a PE ratio of 553.42. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The firm has a fifty day moving average price of $149.55.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.36) earnings per share. On average, sell-side analysts anticipate that SpaceX will post 0.13 earnings per share for the current year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Evercore reiterated an “outperform” rating and issued a $275.00 price objective on shares of SpaceX in a research note on Friday, October 16th. Mizuho set a $205.00 target price on shares of SpaceX in a research report on Wednesday, October 21st. Guggenheim started coverage on shares of SpaceX in a report on Friday, August 7th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $235.00 price target on shares of SpaceX in a research report on Monday, September 28th. Finally, Bank of America boosted their price target on SpaceX from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.97.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

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.