106,615 SpaceX $SPCX Shares Purchased by Brighton Jones LLC

Brighton Jones LLC increased its stake in shares of SpaceX (NASDAQ:SPCX) by 1,824.7% in the third quarter, Holdings Channel.com reports. The fund owned 112,458 shares of the company’s stock after purchasing an additional 106,615 shares during the period. Brighton Jones LLC’s holdings in SpaceX were worth $16,965,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Syntax Research Inc. bought a new stake in SpaceX in the 2nd quarter valued at $26,000. Atwood & Palmer Inc. bought a new position in shares of SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp bought a new position in shares of SpaceX during the 2nd quarter valued at about $30,000. Hickory Point Bank & Trust purchased a new position in shares of SpaceX during the third quarter valued at about $30,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of SpaceX during the third quarter valued at about $30,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SPCX shares. Moffett Nathanson lifted their target price on SpaceX from $131.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, September 14th. Phillip Securities raised SpaceX from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, October 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of SpaceX in a report on Monday, October 19th. Susquehanna lifted their price objective on SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Finally, Wells Fargo & Company upped their price objective on SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

SpaceX Stock Up 8.6%

Shares of NASDAQ:SPCX opened at $134.27 on Friday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The stock has a market cap of $1.82 trillion and a PE ratio of 516.42. The business has a fifty day simple moving average of $149.18. 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) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The firm 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%. The business’s quarterly revenue was up 161.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.36) earnings per share. On average, analysts expect that SpaceX will post 0.19 earnings per share for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated Tuesday, September 22nd. The stock was 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 trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.