Westover Capital Advisors LLC Makes New Investment in SpaceX $SPCX

Westover Capital Advisors LLC purchased a new stake in shares of SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,938 shares of the company’s stock, valued at approximately $896,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blume Capital Management Inc. raised its stake in SpaceX by 1,333.3% in the 3rd quarter. Blume Capital Management Inc. now owns 4,300 shares of the company’s stock valued at $649,000 after acquiring an additional 4,000 shares during the period. Hourglass Capital LLC purchased a new stake in SpaceX during the third quarter valued at about $5,779,000. Leo Wealth LLC bought a new position in SpaceX during the third quarter worth about $944,000. Davidson Kahn Capital Management LLC bought a new position in SpaceX during the third quarter worth about $314,000. Finally, Apollon Wealth Management LLC increased its stake in shares of SpaceX by 102.0% in the third quarter. Apollon Wealth Management LLC now owns 84,579 shares of the company’s stock worth $12,760,000 after purchasing an additional 42,710 shares in the last quarter.

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.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Yorkville Ives started coverage on shares of SpaceX in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price target on the stock. Phillip Securities raised shares of SpaceX from a “strong sell” rating to a “strong-buy” rating in a report on Friday. Seaport Research Partners lowered shares of SpaceX from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of SpaceX in a report on Wednesday, August 26th. Finally, Susquehanna increased their target price on SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $244.97.

SpaceX Stock Down 0.4%

SPCX stock opened at $146.90 on Tuesday. 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 stock has a market cap of $1.94 trillion and a price-to-earnings ratio of -1,632.22. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The firm’s 50-day moving average is $149.24.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $14.57 billion for the quarter. During the same quarter in the prior year, the company earned ($0.36) earnings per share. The company’s quarterly revenue was up 161.4% on a year-over-year basis. On average, equities research analysts anticipate that SpaceX will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.