16,514 Shares of SpaceX $SPCX Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 16,514 shares of the company’s stock, valued at approximately $2,391,000.

Other institutional investors also recently bought and sold shares of the company. Syntax Research Inc. purchased a new stake in SpaceX during the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. purchased a new position in shares of SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp purchased a new position in shares of SpaceX in the second quarter valued at approximately $30,000. Marquette Asset Management LLC purchased a new position in shares of SpaceX in the second quarter valued at approximately $32,000. Finally, Hickory Point Bank & Trust acquired a new stake in shares of SpaceX in the third quarter worth approximately $30,000.

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

SpaceX Stock Performance

SPCX stock opened at $134.27 on Monday. The stock has a market cap of $1.82 trillion and a price-to-earnings ratio of 516.42. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average price is $149.18. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company’s revenue was up 161.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.36) earnings per share. Equities research analysts predict that SpaceX will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPCX shares. 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. Guggenheim initiated coverage on SpaceX in a report on Friday, August 7th. They issued a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $245.00 price objective on shares of SpaceX in a report on Wednesday, October 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Erste Group Bank initiated coverage on shares of SpaceX in a research report on Thursday, October 8th. They issued a “hold” rating for the company. Four analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.60.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction on 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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.