3,403 Shares in SpaceX $SPCX Purchased by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC purchased a new stake in SpaceX (NASDAQ:SPCX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,403 shares of the company’s stock, valued at approximately $513,000.

Other hedge funds have also modified their holdings of the company. SC US Ttgp LTD. purchased a new stake in shares of SpaceX in the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in SpaceX in the second quarter worth $17,335,783,000. K5 Global Advisor LLC purchased a new position in SpaceX in the second quarter worth $6,587,531,000. State Street Corp acquired a new stake in SpaceX in the second quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC acquired a new stake in SpaceX in the second quarter valued at $1,366,880,000.

SpaceX Stock Performance

SPCX stock traded up $1.93 during midday trading on Monday, hitting $147.96. 73,697,866 shares of the stock were exchanged, compared to its average volume of 100,789,758. The stock’s 50-day moving average is $148.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The stock has a market capitalization of $1.95 trillion and a PE ratio of -1,644.00. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. The company’s revenue for the quarter was up 91.9% on a year-over-year basis. Research analysts anticipate that SpaceX will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

SPCX has been the topic of several research analyst reports. Sanford C. Bernstein restated a “buy” rating on shares of SpaceX in a research report on Monday, September 28th. Erste Group Bank started coverage on shares of SpaceX in a report on Thursday, October 8th. They issued a “hold” rating for the company. Oppenheimer raised their price objective on shares of SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Clear Str upgraded shares of SpaceX to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of SpaceX from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $221.44.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings could provide a catalyst. Analysts reportedly expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors will focus on Starlink cash flow, AI-related revenue, launch activity and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, while other coverage points to upside if Starlink and AI growth justify the company’s ambitious investment program. Bernstein sets SpaceX stock price target
• Positive Sentiment: Starship and Starlink expansion could broaden future revenue. SpaceX is seeking approval for a major increase in Starship launch activity and is pursuing spectrum and direct-to-device opportunities that could make Starlink more competitive in wireless communications. SpaceX plans expanded Starship launches
• Neutral Sentiment: Elon Musk’s proposed stock giveaway generated attention. Musk said he plans to give one SpaceX share to every U.S. child next year, potentially involving roughly $10 billion or more of stock. Details on eligibility, administration and any dilution are not yet clear, limiting the immediate financial significance. Musk SpaceX shares giveaway
• Negative Sentiment: High spending and valuation create downside risk. SpaceX’s AI-computing business is growing but carries significant costs, while analysts are watching whether projected capital expenditures—potentially including an $18.4 billion investment program—will pressure profitability and cash flow. SpaceX earnings and AI spending

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’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 sale, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.