SpaceX $SPCX Stock Position Raised by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its holdings in SpaceX (NASDAQ:SPCX) by 635.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,622 shares of the company’s stock after purchasing an additional 38,557 shares during the period. Soltis Investment Advisors LLC’s holdings in SpaceX were worth $6,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPCX. Syntax Research Inc. purchased a new stake in SpaceX during the 2nd quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX in the 2nd quarter worth approximately $29,000. PayPay Securities Corp purchased a new position in SpaceX in the 2nd quarter worth approximately $30,000. Hickory Point Bank & Trust acquired a new position in shares of SpaceX during the 3rd quarter worth approximately $30,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SpaceX during the 3rd quarter worth approximately $30,000.

Insider Buying and Selling

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Price Performance

NASDAQ:SPCX opened at $143.89 on Friday. 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 firm has a market cap of $1.90 trillion and a price-to-earnings ratio of 553.42. The company has a 50-day moving average price of $149.55. SpaceX has a 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last posted 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. The business had revenue of $14.57 billion during 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 period last year, the company earned ($0.36) EPS. As a group, equities analysts anticipate that SpaceX will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPCX. Weiss Ratings began coverage on SpaceX in a research report on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Piper Sandler reiterated a “neutral” rating on shares of SpaceX in a research report on Wednesday, October 21st. Susquehanna boosted 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. HSBC restated a “hold” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Wells Fargo & Company raised their target price on SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.97.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong quarterly growth and AI momentum: SpaceX reported $14.58 billion in quarterly revenue, up 161.4% year over year, and EPS of $0.35 versus the $0.10 consensus estimate. Its AI revenue reportedly increased 830%, while the renamed “Super Intelligence” division has become the company’s fastest-growing business. SpaceX AI growth article
• Positive Sentiment: Starlink continues to scale: The satellite internet business added 1.6 million customers, increased average revenue per user and remains SpaceX’s largest source of operating profit. Growing airline adoption and broader connectivity demand reinforce the commercial opportunity. Starlink customer growth article
• Positive Sentiment: Institutional and analyst support: Nvidia disclosed an approximately $18 billion SpaceX stake and is also a major supplier, while Bank of America added SPCX to its “US 1” list. RBC reportedly sees substantial additional upside. Nvidia SpaceX investment article
• Neutral Sentiment: Large long-term ambitions: Elon Musk discussed a potential capacity of 10,000 Starship launches annually from Louisiana and a possible Tesla-SpaceX combination. Both ideas could expand SpaceX’s addressable market, but they remain ambitious and subject to execution and shareholder-approval risks. Starship launch capacity article
• Negative Sentiment: Valuation and execution concerns: With a market capitalization near $1.9 trillion and a reported P/E ratio above 550, investors have little tolerance for disappointment. Analysts also question whether AI capacity additions and a major GPU lease can earn adequate returns as competitors add supply. SpaceX AI infrastructure risk article
• Negative Sentiment: Potential selling pressure: Nearly 3.9 billion shares have reportedly cleared IPO lockups, raising concerns that insiders and early investors could sell into a still-volatile market. Separately, T-Mobile’s CEO said there is “no room” for a direct SpaceX wireless-carrier deal, limiting near-term telecom upside. SpaceX lockup article
• Negative Sentiment: Customer-concentration risk: SpaceX’s potential Anthropic relationship is sizable, but the contract can reportedly be canceled with 90 days’ notice after the initial period, unlike larger minimum-spend commitments held by Amazon, Alphabet and Microsoft. Anthropic SpaceX contract article

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.