Partners Wealth Management LLC Purchases 10,069 Shares of SpaceX $SPCX

Partners Wealth Management LLC acquired a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, HoldingsChannel reports. The fund acquired 10,069 shares of the company’s stock, valued at approximately $1,519,000.

Several other institutional investors also recently bought and sold shares of SPCX. SC US Ttgp LTD. acquired a new stake in shares of SpaceX in the 2nd quarter worth $20,933,621,000. Darsana Capital Partners LP purchased a new stake in shares of SpaceX in the second quarter valued at about $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX in the second quarter valued at about $6,587,531,000. Thrive Capital Management LLC acquired a new position in shares of SpaceX during the second quarter worth about $3,231,681,000. Finally, State Street Corp acquired a new position in shares of SpaceX during the second quarter worth about $1,858,329,000.

Insider Activity

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SPCX. Royal Bank Of Canada restated an “outperform” rating on shares of SpaceX in a research report on Monday, October 19th. HSBC reaffirmed a “hold” rating on shares of SpaceX in a report on Wednesday, October 21st. Canaccord Genuity Group began coverage on SpaceX in a research report on Tuesday, July 7th. They set a “buy” rating and a $246.00 target price on the stock. Barclays increased their target price on SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, Guggenheim assumed coverage on SpaceX in a report on Friday, August 7th. They issued a “buy” rating for the company. Four analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.97.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX’s AI business remains a major growth catalyst. Reports indicate that Anthropic became its largest customer and accounted for more than one-third of third-quarter revenue, while SpaceX is reportedly benefiting from substantial demand for Nvidia-powered computing capacity. Anthropic Reportedly Becomes SpaceX’s Top Customer
• Positive Sentiment: Analysts continue to highlight SpaceX’s strong long-term prospects, including rapid AI growth, Starlink expansion and potential demand from Anthropic and other enterprise customers. The company’s AI revenue reportedly rose sharply in the third quarter, supporting the view that SpaceX is evolving beyond launch services. SpaceX vs. Nvidia
• Positive Sentiment: SpaceX launched Ukraine’s first OBRIA test satellite, reinforcing Falcon 9’s commercial launch capabilities and its role in developing independent communications networks. SPCX Launches Satellite for Ukraine’s Communications
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination continues after Elon Musk called a merger strategically attractive, but the proposal would face difficult shareholder-approval, regulatory and governance hurdles. Questions Before a Possible Tesla and SpaceX Merger
• Negative Sentiment: Investors are concerned that SpaceX’s wireless ambitions could require approximately $130 billion beyond its reported spectrum commitments to compete with T-Mobile. T-Mobile also rejected the idea of a broader SpaceX deal, increasing uncertainty around the strategy. SpaceX’s Spectrum Deals May Not Be Enough
• Negative Sentiment: Intel’s cautious guidance intensified concerns about technology spending and AI infrastructure demand, weighing on SpaceX despite the company’s strong growth narrative. Heavy planned capital expenditures make SpaceX particularly sensitive to a broader pullback in AI investment. Why SpaceX Stock Dropped Today
• Negative Sentiment: Anthropic’s importance creates customer-concentration risk: although its reported SpaceX contract could be worth up to $120.5 billion, it may be cancellable with 90 days’ notice after the initial term. Investors are therefore questioning how durable the AI revenue pipeline is. Anthropic Contracts and SpaceX
• Negative Sentiment: SpaceX also faces potential selling pressure as billions of shares have become eligible to trade following IPO lockup releases. That supply overhang, combined with a very demanding valuation and ongoing GAAP losses, is limiting investor enthusiasm. SpaceX Insider Share Unlocks

SpaceX Stock Down 6.4%

Shares of NASDAQ SPCX opened at $134.72 on Friday. The firm has a market capitalization of $1.83 trillion and a PE ratio of 518.15. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a 50-day moving average of $149.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 during the quarter. During the same period in the prior year, the firm posted ($0.36) earnings per share. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. Equities research analysts expect that SpaceX will post 0.13 EPS for the current fiscal year.

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.