SpaceX $SPCX Stock: Sigma Planning Corp Increases Stake

Sigma Planning Corp raised its position in SpaceX (NASDAQ:SPCX) by 63.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,670 shares of the company’s stock after buying an additional 13,415 shares during the quarter. Sigma Planning Corp’s holdings in SpaceX were worth $5,230,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Syntax Research Inc. purchased a new stake in shares of SpaceX in the second quarter worth $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX during the 2nd quarter valued at $29,000. PayPay Securities Corp purchased a new stake in shares of SpaceX during the second quarter worth about $30,000. Marquette Asset Management LLC purchased a new stake in SpaceX in the 2nd quarter worth approximately $32,000. Finally, Hickory Point Bank & Trust bought a new stake in SpaceX in the third quarter valued at $30,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SPCX shares. HSBC reiterated a “hold” rating on shares of SpaceX in a report on Wednesday, October 21st. UBS Group restated an “overweight” rating and set a $300.00 price objective on shares of SpaceX in a research note on Wednesday, October 21st. Citigroup boosted their price target on SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. The Goldman Sachs Group restated a “buy” rating and set a $245.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Finally, Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.97.

SpaceX Trading Down 0.4%

Shares of NASDAQ:SPCX opened at $146.90 on Tuesday. The company’s 50 day moving average is $149.24. The company has a market cap of $1.94 trillion and a P/E ratio of -1,632.22. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. 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 (NASDAQ:SPCX) last released its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The company had revenue of $14.57 billion for the quarter. During the same quarter in the previous year, the business posted ($0.36) EPS. SpaceX’s revenue was up 161.4% on a year-over-year basis. Equities research analysts predict that SpaceX will post 0.13 earnings per share for the current fiscal year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on 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 sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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.