Mirae Asset Global Investments Co. Ltd. Makes New Investment in SpaceX $SPCX

Mirae Asset Global Investments Co. Ltd. bought a new position in SpaceX (NASDAQ:SPCX) in the 3rd quarter, Holdings Channel reports. The firm bought 28,000,419 shares of the company’s stock, valued at approximately $4,224,143,000. SpaceX makes up 7.5% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. James T. Borello RIA increased its position in SpaceX by 41.4% during the 3rd quarter. James T. Borello RIA now owns 246 shares of the company’s stock valued at $37,000 after purchasing an additional 72 shares during the period. Oakworth Capital Inc. increased its holdings in SpaceX by 17.8% during the third quarter. Oakworth Capital Inc. now owns 483 shares of the company’s stock valued at $73,000 after buying an additional 73 shares during the period. Fonville Wealth Management LLC increased its holdings in SpaceX by 3.8% during the third quarter. Fonville Wealth Management LLC now owns 2,719 shares of the company’s stock valued at $410,000 after buying an additional 99 shares during the period. Downshift Financial LLC raised its stake in SpaceX by 25.7% in the third 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. Finally, Balance Wealth Partners LLC raised its stake in SpaceX by 5.7% in the third quarter. Balance Wealth Partners LLC now owns 2,261 shares of the company’s stock worth $341,000 after buying an additional 121 shares in the last quarter.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value 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. This represents 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group assumed coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research report on Monday, October 19th. Barclays boosted their price target on SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Piper Sandler restated a “neutral” rating on shares of SpaceX in a research note on Wednesday, October 21st. Finally, UBS Group reaffirmed an “overweight” rating and set a $300.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, SpaceX currently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

SpaceX Trading Down 6.4%

NASDAQ:SPCX opened at $134.72 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average is $149.56. The firm has a market capitalization of $1.83 trillion and a P/E ratio of 518.15. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $14.57 billion for the quarter. During the same period in the prior year, the company posted ($0.36) earnings per share. The firm’s revenue for the quarter was up 161.4% on a year-over-year basis. Equities analysts forecast that SpaceX will post 0.19 EPS for the current year.

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.